We Can Say That the Allocation of Resources Is Efficient

question 63

Multiple Choice

We can say that the allocation of resources is efficient if:

• A)producer surplus is maximised
• B)consumer surplus is maximised
• C)total surplus is maximised
• D)none of the above is correct

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Definitions:

HR Planners

Individuals or teams responsible for developing strategies and plans to ensure that an organization has the right workforce in place to meet its goals.

Significant Trends

Major developments or directional changes in data, behaviors, or societal attitudes that are noteworthy and have potential long-term implications.

Organizational Competitors

Other entities that offer similar products or services and compete for the same market share.

Information Gathering

Information gathering refers to the systematic collection of data and facts relevant to a specific topic or project.