When allocative efficiency occurs,
A) an economy produces the goods and services most highly valued.
B) marginal benefit exceeds marginal cost by some amount.
C) technology must be increasing.
D) we can simultaneously produce more of all goods.
E) marginal benefit exceeds marginal cost by as much as possible.
A
Economics
You might also like to view...
According to the text, the main reason for people to hold money is
A) because they are irrational. B) to use it for different reasons. C) to tell other people how rich they are. D) to enjoy looking at the pictures of past leaders.
Economics
Fill in the blank: Rent controls tend to ________ discrimination among landlords
A) increase nonprice B) increase price C) decrease nonprice D) eliminate
Economics