An Underallocation of Resources in an Industry Means That for the Last

question 19

Multiple Choice

An underallocation of resources in an industry means that for the last unit produced,

• A)economic profit is still rising.
• B)society places a higher value on the resources required to produce the last unit than the value society places on consuming the last unit.
• C)the demand price for the last unit exceeds the marginal cost of producing the last unit.
• D)the cost of producing the last unit exceeds its value to society.
• E)long-run average cost is falling.

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Definitions:

Night Shift Work

Employment involving working hours that occur during the night, often affecting sleep patterns and health.

Rotate Shifts

A work schedule system where employees alternate working hours, often used to cover 24-hour operations without overburdening individual workers.

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Intense or highly illuminated lighting conditions, often used for visibility or in therapy to treat certain medical conditions.

Congestive Heart Failure

A condition where the heart's ability to pump blood is inadequate, causing fluid buildup in the body.