What Is Meant by Price Efficiency

question 28

Multiple Choice

What is meant by price efficiency?

• A)Price is greater than marginal cost.
• B)Price is equal to marginal cost.
• C)Price is equal to average total cost.
• D)Price is greater than average total cost.

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Definitions:

Disposable Income

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Typical Corporation

A standard business entity where ownership is divided into shares of stock, offering limited liability to its shareholders and being subject to corporate tax rates.

Disposable Income

Money left for savings and expenditures in households after paying income taxes.

Disposable Income

This refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.