Resource Use Is Allocatively Efficient If the

question 149

Multiple Choice

Resource use is allocatively efficient if the

• A) total cost of what the resource produces is less than the total benefit of what is produced.
• B) total cost of what the resource produces is equal to the total benefit of what is produced.
• C) marginal benefit of what the resource produces has diminished to zero.
• D) marginal cost of what the resource produces is equal to the marginal benefit of what is produced.

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Definitions:

Blended Families

Families formed by the merging of parents and their children from previous relationships into a new familial unit.

Identity

Refers to the qualities, beliefs, personality, looks, and expressions that make an individual or group.

Unrealistic Belief Systems

Refers to belief systems that are not grounded in reality or evidence, often leading to expectations and behaviors that are not achievable or rational.

Intellectualization Avenue

The process of reasoning and thinking through problems in a way that detaches from the emotional aspects, often used as a coping mechanism to deal with psychological stress.