If Marginal Benefit Is Greater Than Marginal Cost for the Production

question 77

True/False

If marginal benefit is greater than marginal cost for the production of cars, to reach the allocative efficient quantity of cars, the production of cars must be increased.

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Definitions:

Causal Attribution Theory

A concept in social psychology that examines how individuals infer the causes of their own and others' behaviors and events.

Infidelity

The act of being unfaithful or violating a trust or commitment within a romantic relationship.

Career Demanding

A situation or profession that requires a high level of commitment, effort, and possibly sacrifices in terms of time and energy.

Fundamental Attribution Error

A common cognitive bias where people tend to overemphasize individual personality or dispositional factors and underestimate situational factors when explaining others' behaviors.