An Efficient Use of Resources Occurs When

question 6

Multiple Choice

An efficient use of resources occurs when

• A)a deadweight loss arises.
• B)total social benefit from a good equals its total social cost.
• C)producer surplus is eliminated.
• D)consumer surplus is maximized.
• E)a monopoly practices perfect price discrimination.

---

Definitions:

Business Affiliation

A relationship between two or more businesses where the businesses are associated through mutual interests or activities.

AutoFormat As You Type

A feature in word processors that automatically formats text as it is being input based on predefined criteria.

Typed Text

The result of inputting characters into a digital document or field through the use of a keyboard.

AutoFormat Result

The outcome produced by a software feature that automatically applies formatting options based on the content type or user preferences.