Maximum social advantage is achieved when *
Marginal Social Sacrifice = Marginal Social Benefit
Total Social Sacrifice = Total Social Benefit
Average Social Sacrifice = Average Social Benefit
Net Social Sacrifice = Net Social Benefit
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This is the social benefit of welfare of the public expenditure. As such, the maximum social advantage is achieved when the state in its financial activities maximise the surplus of social gain or utility (resulting from public expenditure) over the social sacrifice or disutility (involved in payment of taxes.)
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here is your answer
Explanation:
This is the social benefit of welfare of the public expenditure. As such, the maximum social advantage is achieved when the state in its financial activities maximum the surplus of social gain or utility (resulting from public expenditure) over the social sacrifice or disutility (involved in payment of taxes.)
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