Use the Following to Answer Questions 40-45

question 36

Multiple Choice

Use the following to answer questions 40-45:
Figure 15.10
-(Figure 15.10) At point G, the marginal cost of a pancake is 50 cents and the marginal cost of a bowl of cereal is also fifty cents. At this point, consumers are willing to trade 2 bowls of cereal for an additional pancake. Which of the following statements is (are) TRUE?

• A) The economy is not allocating its inputs efficiently.
• B) The economy is not achieving output efficiency because the MRS is less than the MRT.
• C) The economy is achieving output efficiency because the MRT equals 1.
• D) The economy is not achieving output efficiency because the MRS is greater than the MRT.

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Definitions:

Outsourced Training

The practice of hiring external service providers to design and deliver training programs for employees.

Needs Analysis

A systematic process to determine and address gaps between current conditions and desired conditions or needs.

External Recruiting

Is the process of looking to sources outside the organization for prospective employees.

Job Posting

Is a mechanism for internal recruiting in which vacancies in the organization are publicized through various media such as company newsletters, bulletin boards, internal memos, and the firm’s intranet.