A country produces only pencils and erasers. Pencil production is allocatively efficient if the marginal of a pencil equals the marginal _ _ of .
A) cost; benefit; an eraser
B) benefit; benefit; an eraser
C) benefit; cost; a pencil
D) cost; cost; an eraser
Correct Answer:
Verified
Q218: The marginal benefit from a good is
Q219: Marginal benefit is the
A) benefit from consuming
Q220: Q221: Beth reads two magazines this afternoon. The Q222: The principle of decreasing marginal benefit means Q224: Marginal benefit typically Q225: Resource use is allocatively efficient when marginal Q226: As a person consumes more and more Q227: Resource use is allocatively efficient when Q228: Suppose that you have a choice between
A) remains constant as more
A) we
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