Allocative Efficiency Is Achieved When the Marginal Benefit of a Good

question 44

Multiple Choice

Allocative efficiency is achieved when the marginal benefit of a good

• A) equals zero.
• B) is less than its marginal cost.
• C) is equal to its marginal cost.
• D) exceeds the marginal cost regardless of how much the difference is.
• E) exceeds the marginal cost by as much as possible.

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Definitions:

Role Play

An interactive training technique where participants act out scenarios or roles to practice skills, understand perspectives, or solve problems in a simulated environment.

Behaviour Modelling

A training method that demonstrates desirable behaviors in practice as a way for learners to observe and imitate.

Correct Response

The appropriate or accurate answer or action in a given situation, often used in training and assessment to gauge understanding or skill level.

Role Play

An educational or training activity in which participants simulate real-life roles or situations to practice and improve their skills.