This topic contains a solution. Click here to go to the answer

Author Question: The diagram below shows demand and supply curves for some perfectly competitive market.FIGURE ... (Read 20 times)

shanell

  • Full Member
  • ***
  • Posts: 136

The diagram below shows demand and supply curves for some perfectly competitive market.



FIGURE 16-2

Refer to Figure 16-2. Suppose the marginal benefit curve (MB) includes all social benefits and there are no externalities in production. In this case, ________ for allocative efficiency.


◦ the price P1 is appropriate but the quantity Qis too low
◦ the price P1 is appropriate but the quantity Qis too high
◦ the price P1 is too low but the quantity Qis appropriate
◦ the price P1 is too high but the quantity Qis appropriate
◦ P1 and Qare appropriate


Related Topics

Need homework help now?

Ask unlimited questions for free

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

ElaneShive

  • Full Member
  • ***
  • Posts: 175
    • using this promo code
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 29% of students answer this correctly

This really is helpful if you have clipped a ton of coupons will all be in one place so you're not paying a lot of time uncovering them. homesite



shanell

  • Member
  • Posts: 136
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

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

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library