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

Author Question: A quantity less than the equilibrium quantity in a competitive market is inefficient because (Read 124 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: May 24, 2019
A quantity less than the equilibrium quantity in a competitive market is inefficient because
◦ the marginal benefit of another unit is greater than its marginal cost.
◦ too much of the good is being produced.
◦ the marginal cost of another unit is greater than its marginal benefit.
◦ the marginal benefit of another unit is not equal to zero.
◦ the marginal benefit is not maximized.
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 123654777 on May 24, 2019

britb2u

  • Sr. Member
  • ****
  • Posts: 331
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


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: May 24, 2019
Thank you!


britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: May 24, 2019
Always glad to help...


« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Radiation Quantity and Quality Radiation Quantity and Quality
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Effects of competitive inhibition on enzyme kinetics Effects of competitive inhibition on enzyme kinetics
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library