Resource Use Is Allocatively Efficient

question 99

Multiple Choice

Resource use is allocatively efficient

• A) when marginal benefit equals marginal cost.
• B) whenever marginal benefit exceeds marginal cost.
• C) whenever marginal cost exceeds marginal benefit.
• D) when the maximum possible quantity is being produced.

---

Definitions:

Popular Votes

Represents the total number of votes cast by the public in an election, as opposed to votes determined by electors or delegates.

Democrat

A member or supporter of the Democratic Party in the United States, typically associated with liberal policies and ideologies.

Accident Rates

The frequency or number of accidents occurring in a particular area or among a specific group of people over a given time period.

Age Group

Classification of individuals based on their age, often used in research and marketing.