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

Author Question: If the difference between the marginal benefit and the marginal cost of a good is as large as possible, (Read 76 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: May 24, 2019
If the difference between the marginal benefit and the marginal cost of a good is as large as possible,
◦ resources are being used with maximum efficiency.
◦ resources would create more value producing other goods and hence the production of this good should be decreased.
◦ more of the good should be produced.
◦ allocative efficiency has been attained.
◦ Both answers resources are being used with maximum efficiency and allocative efficiency has been attained are correct.
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 khang on May 24, 2019

katieost

  • Sr. Member
  • ****
  • Posts: 358
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 56% of students answer this correctly


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: May 24, 2019
TY


katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Alligators are apex predators capable of killing large terrestrial prey. This large AAmerican alliga Alligators are apex predators capable of killing large terrestrial prey. This large AAmerican alliga
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
Cost Savings with an EHR System Cost Savings with an EHR System
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Small Avocado vs Large Avocado Small Avocado vs Large Avocado
Injuries That Benefit from Burn Center Care Injuries That Benefit from Burn Center Care
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library