An Efficient Distribution of Goods Requires That

question 54

Multiple Choice

An efficient distribution of goods requires that

• A)everyone gets an equal share of each good.
• B)marginal cost equal marginal utility for the last unit produced.
• C)each person derives the same total utility from the good.
• D)since tastes differ, every person pays a different price in accordance with different marginal utilities.

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Definitions:

Drivers

Key factors or elements that contribute to the progression or success of something.

Productivity

The efficiency at which products or services are created and delivered, often measured by the output per unit of input.

Performance

Refers to the effectiveness and efficiency of an action or behavior in achieving objectives or goals.

Motivational Theories

Theories that explain what drives individuals to initiate, direct, and sustain behaviors to meet their needs and goals.