When Economic Efficiency Is Attained, It Implies All of the Following

question 19

Multiple Choice

When economic efficiency is attained, it implies all of the following, except

• A)per-unit cost of output produced is at minimum.
• B)allocative efficiency is achieved.
• C)total consumer and producer surplus is at a maximum.
• D)the gap between marginal benefits and marginal costs of production is at maximum.

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Definitions:

Behavioral Activation Therapy

A treatment for depression that focuses on engaging patients in activities to improve mood and decrease depressive thoughts.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the psychological roots of emotional suffering through introspection and self-examination.

Learned Helplessness

The perception, based on past experiences, that one has no control over one’s reinforcements.

Cognitive-Behavioral Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors to treat various mental disorders.