Resource Use Is Allocatively Efficient If the

question 229

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

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Definitions:

Core Values

Broad beliefs about what is or is not appropriate behaviour.

Adjourning Stage

The adjourning stage refers to the final phase in Tuckman's team development model, where the team completes the task and dissolves, often marked by feelings of accomplishment and sadness.

Team Development

The process of enhancing the effectiveness, cohesiveness, and performance of a team through various exercises, training, and group activities.

Task Forces

Groups assembled to focus on a specific task or project, often comprised of members from various departments or skill sets.