For Productive Efficiency to Hold

question 209

Multiple Choice

For productive efficiency to hold

• A)price must equal the marginal cost of the last unit produced.
• B)price must equal marginal revenue of the last unit sold.
• C)average variable cost is minimized in production.
• D)average total cost is minimized in production.

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Definitions:

Anterior Cingulate Cortex

A part of the brain located in the medial frontal cortex that plays a role in a wide variety of autonomic functions, decision making, empathy, impulse control, and emotion.

Obsessive-Compulsive Disorder

A mental disorder characterized by unwanted recurring thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels driven to perform.

Hyperactive

Characterized by more movement and activity than is typical or desirable, often to the point of being disruptive, as in certain attention disorders.

Disruptive Mood Dysregulation Disorder

Disruptive Mood Dysregulation Disorder is a mental health condition characterized by severe and recurrent temper outbursts that are disproportionate to the situation.