The Optimal Allocation of Resources Is Found

question 141

Multiple Choice

The optimal allocation of resources is found

• A)where MB = MC.
• B)at every point along a production possibilities curve.
• C)where the marginal benefit is at its greatest.
• D)where the marginal cost is at its lowest.

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A principle or guideline established by law that is used to judge the legality of actions or decisions in judicial and administrative proceedings.

Intentional Intrusion

Deliberate entry or infringement upon another's privacy or property without consent or legal justification.

Reasonable Person

A legal standard representing how a typical person, with ordinary prudence, would act in certain circumstances.

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The system of fundamental principles or established precedents according to which a state or other organization is governed.