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

Author Question: Which of the following is required for an economy to be allocatively efficient? (Read 101 times)

aeb093

  • Full Member
  • ***
  • Posts: 165
on: Oct 12, 2022
Which of the following is required for an economy to be allocatively efficient?
◦ The economy's resources must be fully employed.
◦ All firms are breaking even.
◦ The price equals average cost for all goods.
◦ Price equals marginal cost for all products.
◦ The average cost of production is the lowest possible for all goods produced.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by aeb093 on Oct 12, 2022

ahardin89

  • Full Member
  • ***
  • Posts: 157
Reply #1 on: Oct 12, 2022
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 39% of students answer this correctly


aeb093

  • Member
  • Posts: 165
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
Which aspect of executive functioning is required to play the game of “Simon Says,” in which ... Which aspect of executive functioning is required to play the game of “Simon Says,” in which ...
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
How many grams of NO are required to produce 145 g of N2 in the following reaction? 4NH3 + 6NO ... How many grams of NO are required to produce 145 g of N2 in the following reaction? 4NH3 + 6NO ...
The assembly of general transcription factors required for the initiation of transcription by RNAP I The assembly of general transcription factors required for the initiation of transcription by RNAP I
Video: Osteoporosis

For a complete list of videos, visit our video library