Resource Use Is Efficient When

question 392

Multiple Choice

Resource use is efficient when

• A) marginal social benefit exceeds marginal social cost.
• B) marginal social cost is decreasing.
• C) marginal social benefit equals marginal social cost.
• D) marginal social benefit is increasing.

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Definitions:

Gastroparesis

Gastroparesis is a medical condition where the stomach takes too long to empty its contents, often due to damage to the vagus nerve.

Type 2 DM

A chronic condition characterized by high blood sugar levels due to insulin resistance and/or a reduction in insulin production.

Insulin

A hormone produced by the pancreas that regulates the amount of glucose in the blood, essential for people with diabetes.

Afford

The ability to bear the cost of or financially manage something.