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Author Question: Allocative efficiency is achieved when the production is such that (Read 76 times)

james

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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
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Marked as best answer by james on May 24, 2019

Ksh22

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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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james

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Reply #2 on: May 24, 2019
Excellent


Ksh22

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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