-In the Above Figure, When 2,000 Bicycles Are Produced Each

question 100

Multiple Choice

-In the above figure, when 2,000 bicycles are produced each month, we can see that

• A) the marginal benefit from another bicycle is greater than the marginal cost of another bicycle.
• B) more bicycles should be produced to reach the allocatively efficient level of output.
• C) the economy is very efficient at the production of bicycles because the marginal benefit exceeds the marginal cost.
• D) Both answers A and B are correct.

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Definitions:

Subordinate Constructs

In personal construct psychology, these are narrower, more specific beliefs that fall under broader, more general personal constructs, helping individuals understand their world.

Isolated

Detached or separated from others, often used to describe someone or something that is alone or remote.

Unrewarding Way

Approaches or methods that fail to provide satisfaction, success, or positive reinforcement.

Secure

Feeling safe, stable, and confident in oneself or in the context of relationships, indicating low anxiety and avoidance.