Which of the following is an example of a capital resource?

To achieve ________, marginal cost ________ marginal benefit

A) production efficiency; must equal B) production efficiency; must be greater than C) allocative efficiency; must be greater than D) allocation efficiency; must be less than E) allocative efficiency; must equal

Refer to the figure above. Which of the following statements are true in this case?

A) P1 is the socially optimal price for Good X. B) P2 is the price of Good X in a free market. C) Q2 is the efficient level of output of Good X. D) Q2 is the quantity supplied of Good X in a free market.