Use the Following to Answer Question(s): Markets and Efficiency

question 18

Multiple Choice

Use the following to answer question(s) : Markets and Efficiency

-(Exhibit: Markets and Efficiency) A producer will produce additional apples:

• A) as long as marginal benefit is less than marginal cost.
• B) as long as marginal benefit exceeds marginal cost.
• C) if marginal cost is decreasing and price is the same.
• D) if price does not cover costs.

---

Definitions:

Percent

A mathematical term representing a part per hundred, used to describe proportions or ratios.

Helmets

Protective headgear worn to reduce the risk of injury, especially in sports, construction, and transportation.

Opportunistic

Taking advantage of situations with little regard for principles or consequences, often to gain personal benefits or advantages.

Cinema

A movie theater where films are shown for public entertainment or the art of filmmaking itself.