If MU = MC = P, an Economist Can Judge

question 84

Multiple Choice

If MU = MC = P, an economist can judge with certainty that the distribution of output is

• A)fair.
• B)equal.
• C)unbiased.
• D)efficient.

---

Definitions:

Preincorporation Services

Services performed or actions taken in the name of a corporation prior to its legal formation.

Gratuitous Promise

A promise made without expecting anything in return, often not legally enforceable due to the lack of consideration.

Certificated Options

Options to buy or sell assets, especially securities, which are recognized and documented by a certificate.

Transferable

The characteristic of an asset or a legal right that allows it to be legally transferred or assigned from one party to another.