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Author Question: If the difference between the marginal benefit and the marginal cost of a good is as large as possible, (Read 81 times)

khang

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on: May 24, 2019
If the difference between the marginal benefit and the marginal cost of a good is as large as possible,
◦ resources are being used with maximum efficiency.
◦ resources would create more value producing other goods and hence the production of this good should be decreased.
◦ more of the good should be produced.
◦ allocative efficiency has been attained.
◦ Both answers resources are being used with maximum efficiency and allocative efficiency has been attained are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by khang on May 24, 2019

katieost

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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.
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khang

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Reply #2 on: May 24, 2019
TY


katieost

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Reply #3 on: May 24, 2019
You're welcome


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