When the Marginal Cost of Producing a Bike Is Greater

question 269

Multiple Choice

When the marginal cost of producing a bike is greater than the marginal benefit of the bike,for resource use to be allocatively efficient,

• A) more bikes should be produced.
• B) fewer bikes should be produced.
• C) no more and no fewer bikes should be produced.
• D) it must be determined if the production of bikes can be increased.
• E) people must be educated to demand more bikes.

---

Definitions:

International 24-Hour Clock

A timekeeping convention that runs from 00:00 to 23:59, eliminating the need for AM and PM designations, widely used in military, aviation, and international contexts.

Aspirin

A medication used to reduce pain, fever, inflammation, and prevent blood clots.

Stat

An abbreviation for the Latin term "statim," meaning immediately, often used in medical orders for urgent procedures or medications.

Unscored Tablets

Tablets without a scored line, which are not meant to be split or divided before taking.