If the Marginal Benefit from Another Computer Exceeds the Marginal

question 364

Multiple Choice

If the marginal benefit from another computer exceeds the marginal cost of the computer, then to use resources allocatively efficiently,

• A) more resources should be used to produce computers.
• B) if the marginal benefit exceeds the marginal cost by as much as possible, the efficient amount of resources are being used to produce computers.
• C) fewer resources should be used to produce computers.
• D) None of the above is correct because marginal benefit and marginal cost have nothing to do with using resources allocatively efficiently.

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Definitions:

Joseph Wolpe

A psychologist known for developing systematic desensitization, a method to reduce patients' phobias and anxieties.

Group Therapy

A form of psychotherapy involving one or more therapists working with several individuals simultaneously, offering mutual support and the opportunity for participants to learn from each other's experiences.

Interpersonal Skills

The abilities that facilitate effective communication and interaction with other people.

Social Support

The perception or reality of assistance and emotional sustenance provided by family, friends, and others.