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

Author Question: Allocative efficiency is achieved when the production is such that (Read 70 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: May 24, 2019
Allocative efficiency is achieved when the production is such that
◦ the marginal benefit exceeds the marginal cost by as much as possible.
◦ marginal cost equals zero.
◦ marginal benefit is equal to marginal cost.
◦ the production point is on the PPF.
◦ None of these is true.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by james on May 24, 2019

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: May 24, 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 25% of students answer this correctly


james

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: May 24, 2019
Excellent


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
A Need for Improved Water-Use Efficiency in Plants A Need for Improved Water-Use Efficiency in Plants
Pathway of urine production and elimination. Pathway of urine production and elimination.
How to solve any percent efficiency problem How to solve any percent efficiency problem
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Structures of Voice Production Structures of Voice Production
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library