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

Author Question: Allocative efficiency is achieved when the production is such that (Read 78 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: May 24, 2019
Allocative efficiency is achieved when the production is such that
◦ the marginal benefit exceeds the marginal cost by as much as possible.
◦ marginal cost equals zero.
◦ marginal benefit is equal to marginal cost.
◦ the production point is on the PPF.
◦ None of these is true.
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 james on May 24, 2019

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
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 25% of students answer this correctly


james

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: May 24, 2019
Excellent


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

projections of future oil production projections of future oil production
Abiotic production of biomolecules Abiotic production of biomolecules
Energy Production Energy Production
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Fossil fuels production Fossil fuels production
Stem Cell Production Stem Cell Production
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library