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

Author Question: Economic efficiency is achieved when there is a market outcome in which the marginal benefit to ... (Read 93 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Mar 15, 2019

Economic efficiency is achieved when there is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and


◦ economic surplus plus consumer surplus equals producer surplus.
◦ consumer surplus plus producer surplus is maximized.
◦ economic surplus is minimized.
◦ the difference between consumer surplus and producer surplus is maximized.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by stock on Mar 15, 2019

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Mar 15, 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 42% of students answer this correctly


stock

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Mar 15, 2019
Excellent


CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Mar 15, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
economic question economic question
economic question economic question
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library