When the Marginal Benefit of an Output Exceeds the Marginal

question 105

Multiple Choice

When the marginal benefit of an output exceeds the marginal cost,

• A)production of that output should be increased, in order to achieve efficiency.
• B)production of that output should be decreased, in order to achieve efficiency.
• C)increasing the production of that output would increase the deadweight loss.
• D)reducing the production of that output would reduce efficiency losses.

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Definitions:

Biological Clock

An internal timing mechanism in organisms that regulates physiological and behavioral functions in a rhythmic cycle, such as sleep-wake patterns or reproductive cycles.

Desynchronization

The process by which two or more systems that were once operating in harmony lose their synchronized state.

Third Shift

Refers to the working hours from midnight to 8 AM, also known as the graveyard shift, which can disrupt natural circadian rhythms.

Consolidation

The process by which memories become stable in the brain following their initial acquisition, moving from a short-term to a long-term storage.