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
Correct Answer:
Verified
Q295: Production efficiency requires that
A) the economy be
Q296: When society must decrease the production of
Q297: Q298: Q299: Q302: Suppose a market produces 5,000 tons of Q303: When marginal benefit exceeds marginal cost in Q304: When less than the efficient amount of Q393: "Allocative efficiency requires that the maximum number Q407: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
