If Marginal Benefit Is Equal to Marginal Cost,then the

question 138

Multiple Choice

If marginal benefit is equal to marginal cost,then the

• A) producer surplus is equal to the consumer surplus.
• B) sum of producer surplus and consumer surplus is as large as possible.
• C) sum of producer surplus and consumer surplus equals zero.
• D) market has squeezed out total surplus so that it equals zero.
• E) deadweight loss is more than zero but less than its maximum.

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Definitions:

Human Resource Forecasting Techniques

Methods used to predict an organization's future HR needs to ensure the right number of people with the right skills are available when needed.

Qualitative Model

A model that employs descriptive or categorical data to understand patterns and relationships without relying on numerical data, often used in social sciences and market research.

Quantitative Model

A mathematical model that uses numerical data and statistical methods to represent and solve problems or analyze scenarios.

Scenario Planning

A strategic planning method used to make flexible long-term plans based on anticipating various future scenarios and their implications.