The following graph shows the marginal benefit (MB) and marginal cost (MC) curves for beer in an economy. Marginal Benefit and Marginal Cost Curves 80 Marginal Benefit 70 Marginal Cost 50 ES IN 30 20 10 P 12 20 24 28 32 QUANTITY (Millions of kegs) which mearns that: If 8 million kags of beer are sold, oN pue aN (Dollars per keg) If 8 million kegs of beer are sold, which means that: It would be more efficient for society to devote more resources to the production of beer. Society is currently devoting the efficient quantity of resources to the production of beer. It would be more efficient for society to devote fewer resources to the production of beer It would be fairer for society to devote more resources to the production of beer. If 24 million kegs of beer are sold, which means that: It would be more efficient for society to devote more resources to the production of beer. It would be fairer for society to devote more resources to the production of beer It would be more efficient for society to devote fewer resources to the production of beer Society is currently devoting the efficient amount of resources to the production of beer The efficient allocation of resources would result in the production of kegs of beer. Grade It Now Cont ar The following graph shows the marginal benefit (MB) and marginal cost (MC) curves for beer in an economy. Marginal Benefit and Marginal Cost Curves 80 Marginal Benefit 70 Marginal Cost 50 ES IN 30 20 10 P 12 20 24 28 32 QUANTITY (Millions of kegs) which mearns that: If 8 million kags of beer are sold, oN pue aN (Dollars per keg) If 8 million kegs of beer are sold, which means that: It would be more efficient for society to devote more resources to the production of beer. Society is currently devoting the efficient quantity of resources to the production of beer. It would be more efficient for society to devote fewer resources to the production of beer It would be fairer for society to devote more resources to the production of beer. If 24 million kegs of beer are sold, which means that: It would be more efficient for society to devote more resources to the production of beer. It would be fairer for society to devote more resources to the production of beer It would be more efficient for society to devote fewer resources to the production of beer Society is currently devoting the efficient amount of resources to the production of beer The efficient allocation of resources would result in the production of kegs of beer. Grade It Now Cont ar