At the Current Level of Output, the Marginal Social Benefit

question 116

Multiple Choice

At the current level of output, the marginal social benefit from a slice of pizza is less than the marginal social cost of producing a slice of pizza. Resources will be used more efficiently if _______
Slices of pizza are produced and _______ other goods are produced.

• A) fewer; more
• B) more; fewer
• C) fewer; fewer
• D) more; more

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Definitions:

Divisional Assets

Resources and property allocated to a specific division within a larger organization, instrumental in generating revenue.

Responsibility Center

A business segment or department within an organization whose manager is accountable for specific financial and operational outcomes.

Investment Center

A business segment within a company for which the manager is responsible for generating revenue and controlling costs, with the ability to make significant investment decisions.

Department Manager

An individual responsible for overseeing a specific department within a company, ensuring its efficient operation and alignment with the organization's goals.