This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic efficiency is achieved when there is a market outcome in which the marginal benefit to ... (Read 81 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Mar 15, 2019

Economic efficiency is achieved when there is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and


◦ economic surplus plus consumer surplus equals producer surplus.
◦ consumer surplus plus producer surplus is maximized.
◦ economic surplus is minimized.
◦ the difference between consumer surplus and producer surplus is maximized.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by stock on Mar 15, 2019

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


stock

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Mar 15, 2019
Excellent


CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Mar 15, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

A Need for Improved Water-Use Efficiency in Plants A Need for Improved Water-Use Efficiency in Plants
Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
The Economic Way of Thinking The Economic Way of Thinking
qPCR Efficiency Chart qPCR Efficiency Chart
economic question economic question
Video: Griffith's experiments

For a complete list of videos, visit our video library