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

Author Question: When a society achieves allocative efficiency, it (Read 67 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: May 24, 2019
When a society achieves allocative efficiency, it
◦ is not achieving production efficiency.
◦ is producing that combination of goods and services that society values most highly.
◦ might or it might not be producing at a point on society's PPF.
◦ is producing a combination of goods and services whose marginal cost exceeds their marginal benefit.
◦ is producing the combination of goods and services for which marginal benefit exceeds marginal cost by as much as possible.
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 Chelseaamend on May 24, 2019

shayla

  • Sr. Member
  • ****
  • Posts: 323
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


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

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

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

An 1891 cartoon blames immigrants for the ills of American society: anarchy, socialism, mayhem, and An 1891 cartoon blames immigrants for the ills of American society: anarchy, socialism, mayhem, and
The subculture that centers around tattooing previously existed on the fringes of society, with ... The subculture that centers around tattooing previously existed on the fringes of society, with ...
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
When the engine achieves closed-loop, the air is directed to the catalytic converter. When the engine achieves closed-loop, the air is directed to the catalytic converter.
Society: The Basics Society: The Basics
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library