An Efficient Distribution of Goods Requires That

question 54

Multiple Choice

An efficient distribution of goods requires that

• A)everyone gets an equal share of each good.
• B)marginal cost equal marginal utility for the last unit produced.
• C)each person derives the same total utility from the good.
• D)since tastes differ, every person pays a different price in accordance with different marginal utilities.

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Definitions:

First Level

The initial or elementary stage in a series or categorization system.

Physical and Economic Survival

The requirement for basic necessities that sustain life and the financial means to secure these necessities.

Understanding Others

involves the ability to empathize and comprehend the thoughts, emotions, and behaviors of others, fostering better interpersonal relationships.

Sensitivity

The quality of being quick to detect or respond to slight changes, signals, or influences.