If Production Is Not at an Efficient Level,which of the Following

question 1

Multiple Choice

If production is not at an efficient level,which of the following must be true?

• A)Marginal social benefit exceeds marginal social cost.
• B)Marginal social cost exceeds marginal social benefit.
• C)Production will increase.
• D)Production will decrease.
• E)Total surplus is not maximized.

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Definitions:

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.

Sex Hormones

Chemical substances produced by the body that regulate the development and function of reproductive organs and secondary sexual characteristics.

Puberty

The developmental stage during which children mature sexually and become capable of reproduction.

Biological Rhythms

Natural cycles of change in bodily functions or activities, such as the circadian rhythm, which govern sleep-wake cycles and other physiological processes.