Assuming There Are No Externalities, If a Firm Produces an Output

question 160

Multiple Choice

Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.

• A) are less than; greater than
• B) exceed; less than
• C) are less than; less than
• D) equal; greater than

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Definitions:

Coping Ability

An individual's capability to manage and adapt to stress or adversity.

Primary Caregiver

The main individual, often a family member or professional, responsible for providing direct care and support to a person with health or personal needs.

Unexpectedly Hospitalized

The unforeseen admission of a person to a hospital for medical care.

Cognitive Restructuring

A psychological technique aimed at identifying and challenging negative and irrational thoughts and replacing them with more balanced and constructive ones.