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Author Question: Which of the following is necessary for allocative efficiency to be achieved? (Read 127 times)

kellyjaisingh

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on: May 24, 2019
Which of the following is necessary for allocative efficiency to be achieved?
◦ Marginal benefit must be maximized.
◦ Marginal cost must be minimized.
◦ Marginal benefit must equal marginal cost.
◦ The difference between marginal benefit and marginal cost must be maximized.
◦ Production must be at a point inside the production possibilities frontier.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by kellyjaisingh on May 24, 2019

bbburns21

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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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kellyjaisingh

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Reply #2 on: May 24, 2019
Thanks


bbburns21

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Reply #3 on: May 24, 2019
Welcome :)


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