-In the Above Figure, When 2,000 Bicycles Are Produced Each

question 100

Multiple Choice

-In the above figure, when 2,000 bicycles are produced each month, we can see that

• A) the marginal benefit from another bicycle is greater than the marginal cost of another bicycle.
• B) more bicycles should be produced to reach the allocatively efficient level of output.
• C) the economy is very efficient at the production of bicycles because the marginal benefit exceeds the marginal cost.
• D) Both answers A and B are correct.

---

Definitions:

Toxic Substances

Materials or compounds that cause harm to organisms when ingested, inhaled, or come into contact with skin or mucous membranes.

Cutaneous Receptor

A sensory receptor found in the skin that responds to various stimuli like touch, pressure, heat, or cold.

Equilibrium

A state of balance or stability within a system, where competing forces or influences are in equal opposition.

Sound Waves

Vibrations that travel through air or another medium and can be heard when they reach a person's or animal's ear.