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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: If the difference between the marginal benefit and the marginal cost of a good is as large as possib
Post by: Loraine on Jun 20, 2015
If the difference between the marginal benefit and the marginal cost of a good is as large as possible,
A) resources are being used with maximum efficiency.
B) resources would create more value producing other goods and hence the production of this good should be decreased.
C) more of the good should be produced.
D) allocative efficiency has been attained.
E) Both answers A and D are correct.


Title: Re: If the difference between the marginal benefit and the marginal cost of a good is as large as po
Post by: Smoooth on Aug 10, 2015
Content hidden


Title: Re: If the difference between the marginal benefit and the marginal cost of a good is as large as possib
Post by: Smoooth on Aug 31, 2015
My pleasure :-]