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 42 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?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Pekingese's large eyes Pekingese's large eyes
The skulls of living haplorhines differ from those of strepsirhines by having large brains, an enclo The skulls of living haplorhines differ from those of strepsirhines by having large brains, an enclo
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Small Avocado vs Large Avocado Small Avocado vs Large Avocado
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library