If Resources Are Allocated Efficiently

question 50

Multiple Choice

If resources are allocated efficiently,

• A)consumer surplus exceeds producer surplus.
• B)producer surplus exceeds consumer surplus.
• C)the sum of consumer surplus and producer surplus is maximized.
• D)marginal social benefit is maximized.
• E)marginal social cost is minimized.

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Definitions:

Fibroblasts

Cells in connective tissue that produce collagen and other fibers.

Connective Tissue

Body tissue that supports, connects, or separates different types of tissues and organs in an organism.

Urinary

Related to the system in the human body that produces, stores, and expels urine.

Circulatory

Pertaining to the system that circulates blood and lymph through the body, comprising the heart, blood vessels, and lymphatic vessels.