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

Author Question: If the difference between the marginal benefit and the marginal cost of a good is as large as possible, (Read 55 times)

khang

  • Hero Member
  • *****
  • Posts: 569
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

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

katieost

  • Sr. Member
  • ****
  • Posts: 358
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 56% of students answer this correctly


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
TY


katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

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?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Airflow through the large diameter upper intake manifold is distributed to smaller diameter ... Airflow through the large diameter upper intake manifold is distributed to smaller diameter ...
How to Factor a Difference of Squares How to Factor a Difference of Squares
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library