Allocative efficiency occurs when
a. output is produced at minimum average cost
b. the marginal benefit, that consumers attach to the final unit purchased, just equals the opportunity cost of the resources employed to produce that unit.
c. new firms enter a perfectly competitive market
d. the marginal benefit consumers attach to products purchased is maximized
e. goods and services are sold in an English style auction market
Question 2
Which of the following is most likely produced in a monopolistically competitive market?
a. soybeans
b. autos
c. fast food
d. oil
e. local phone service
The energy input and output of glycolysis.
Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
Reading and Writing Disorders Produced by Brain Damage
Average Number of Hours Slept per Day by Various Mammalian Species
Write a net ionic equation for the precipitation reaction that occurs.
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her