At the Current Point of Production on a Nationʹs Production

question 172

Essay

At the current point of production on a nationʹs production possibilities frontier, the marginal benefit of a slice of pizza is 500 tacos per slice of pizza while the marginal cost of producing a slice of pizza is 750 tacos per slice of pizza. To be allocatively efficient, what should be done? $\begin{array}{|l|l|l|}\hline\begin{array}{l}\text { Quantity } \\\text { (millions of } \\\text { bushes of } \\\text { apples) }\end{array} & \begin{array}{l}\text { Marginal } \\\text { benefit } \\\text { (oranges per } \\\text { bushel) }\end{array} & \begin{array}{l}\text { Marginal Cost } \\\text { (oranges per } \\\text { bushel) }\end{array} \\\hline 5 & 10 & 1 \\\hline 10 & 8 & 3 \\\hline 15 & 6 & 6 \\\hline 20 & 4 & 9 \\\hline 25 & 2 & 12 \\\hline\end{array}$

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Definitions:

Plantar Stimulation

Refers to the application of pressure or sensation to the bottom of the feet, often used in reflexology and sensory integration therapies.

APGAR Score

A quick test performed on a newborn at 1 and 5 minutes after birth, assessing five criteria to evaluate the baby's physical condition.

Muscle Movement

The action of muscles contracting and relaxing, resulting in movement of body parts.

Nondisjunction

An error in cell division where chromosomes do not separate properly, leading to gametes with an abnormal number of chromosomes.