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

Author Question: Which of the following is necessary for allocative efficiency to be achieved? (Read 124 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: May 24, 2019
Which of the following is necessary for allocative efficiency to be achieved?
◦ Marginal benefit must be maximized.
◦ Marginal cost must be minimized.
◦ Marginal benefit must equal marginal cost.
◦ The difference between marginal benefit and marginal cost must be maximized.
◦ Production must be at a point inside the production possibilities frontier.
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 kellyjaisingh on May 24, 2019

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
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 39% of students answer this correctly


kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: May 24, 2019
Thanks


bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Production efficiency. Production efficiency.
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
How to solve any percent efficiency problem How to solve any percent efficiency problem
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
In a simulation, the path of a new aircraft after it has achieved weightlessness In a simulation, the path of a new aircraft after it has achieved weightlessness
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library