As Long as the Marginal Benefit from a Good Is

question 167

True/False

As long as the marginal benefit from a good is greater than its marginal cost, an economy is operating efficiently.

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Definitions:

Dominance

The state or condition of having power and influence over others, often seen in social hierarchies and interpersonal relationships.

Self-Esteem

The subjective evaluation of one's own worth or abilities.

University Cafeteria

A dining area within a college or university where students, faculty, and sometimes the public can eat.

Ideally Attractive

Attributes or qualities perceived as most desirable or appealing to the majority within a cultural context.