Resource Use Is Allocatively Efficient When Marginal Benefit Is

question 92

Multiple Choice

Resource use is allocatively efficient when marginal benefit is

• A) greater than marginal cost.
• B) equal to marginal cost.
• C) less than marginal cost.
• D) at its maximum value.

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Definitions:

Rapport

A relationship of mutual understanding or trust and agreement between people.

Referent Power

A form of power that stems from being admired or respected, leading others to identify with and follow someone.

Informal Power Bases

Sources of influence that are not officially sanctioned but arise from relationships, knowledge, or personal charisma.

Gaining Confidence

The process of building belief or trust in one's abilities, qualities, and judgment.