For Resource Use to Be Allocatively Efficient,when the Marginal Benefit

question 339

Multiple Choice

For resource use to be allocatively efficient,when the marginal benefit of a slice of pizza exceeds the marginal cost,________.

• A) more slices of pizza should be produced
• B) fewer slices of pizza should be produced
• C) no more slices of pizza should be produced
• D) allocative efficiency is reached only if the marginal benefit exceeds the marginal cost by as much as possible
• E) None of the above answers is correct.

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Definitions:

Wolf Spiders

A family of spiders known for their hunting skills and how they carry their young on their backs, not relying on webs for catching prey.

Carnivorous Sundew

A type of plant that captures and digests insects and other small animals with sticky, glandular leaves as a means to obtain nutrients from its environment.

Exploitative Competition

A form of competition in which organisms indirectly compete with each other by consuming shared resources.

Species Richness

A measure of the number of different species present in an ecological community, reflecting its biodiversity.