Use the Diagram Above to Answer the Following Questions

question 19

Multiple Choice

Use the diagram above to answer the following questions.
-Which letter indicates a specialized sensory receptor?

• A) A
• B) B
• C) C
• D) D
• E) E

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Definitions:

Optimal Allocation

The most efficient distribution of resources within an economy to maximize the output or welfare.

MB = MC

A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).

Marginal Benefit

The added utility or pleasure that comes from the consumption of one more unit of a good or service.

Marginal Cost

The escalation in aggregate cost linked to the fabrication of an extra item of a good or service.