If the Marginal Benefit of Consuming Another Unit of a Good

question 111

Multiple Choice

If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of output more of the good should be produced and consumed

• A) no matter what.
• B) as long as the consumer can afford to pay for it.
• C) if the total benefit of the good is greater than its total cost.
• D) if the marginal benefit of the good is greater than its marginal cost.

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Definitions:

Blood pH

The measure of the acidity or alkalinity of blood, crucial for maintaining homeostasis, with a normal range typically between 7.35 and 7.45.

Carbon Dioxide

This gas, which lacks both color and odor, is created from burning carbon-containing materials and through the act of respiration. It's a natural part of the air and is consumed by plants for photosynthesis.

Nucleotides

The basic structural units of nucleic acids, like DNA and RNA, consisting of a sugar, a phosphate, and a nitrogenous base.

DNA Nucleotides

The basic building blocks of DNA, consisting of a sugar (deoxyribose), a phosphate group, and one of four nitrogenous bases (adenine, guanine, cytosine, or thymine).