In Order for a Central Planner to Achieve the Invisible-Hand

question 173

Multiple Choice

In order for a central planner to achieve the invisible-hand type efficiency of a free market, the planner would

• A)need masses of statistics.
• B)be required to makes enormous calculations.
• C)need to be able to measure a consumer's marginal utility in order to equate MU with MC.
• D)All of the above would be required.

---

Definitions:

Configured

The process of setting up hardware or software components according to specific requirements or functionalities.

Periodic Tasks

Tasks that are scheduled to run at regular, predefined intervals within a control system or software environment.

Application

In computing and automation, a program or group of programs designed for end-users to perform a specific task or range of tasks.