Resource Use Is Allocatively Efficient If the

question 149

Multiple Choice

Resource use is allocatively efficient if the

• A) total cost of what the resource produces is less than the total benefit of what is produced.
• B) total cost of what the resource produces is equal to the total benefit of what is produced.
• C) marginal benefit of what the resource produces has diminished to zero.
• D) marginal cost of what the resource produces is equal to the marginal benefit of what is produced.

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Definitions:

Portfolio

A collection of investments or projects held or managed by an individual, company, or institution, aiming to diversify risk and maximize returns.

Competitive Strategy

A planned approach adopted by a company to achieve a competitive advantage and outperform its rivals.

Marketing and Sales Strategy

A plan of action designed to promote and sell a product or service, combining market research, product development, and promotional techniques.

Segmented

Divided into separate parts or sections, often to categorize or target different markets or demographics more effectively.