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 81 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?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

The production of transgenic crops The production of transgenic crops
Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
Abiotic production of biomolecules Abiotic production of biomolecules
Regular staff meetings increase the efficiency of the medical office staff. Regular staff meetings increase the efficiency of the medical office staff.
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
British Iron Production, 1600–1870 British Iron Production, 1600–1870
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library