Resource Use Is Allocatively Efficient When Marginal Benefit Is

question 92

Multiple Choice

Resource use is allocatively efficient when marginal benefit is

• A) greater than marginal cost.
• B) equal to marginal cost.
• C) less than marginal cost.
• D) at its maximum value.

---

Definitions:

Government Law

The body of rules and statutes made by the legislative arm of the government, enforceable by the judiciary and other governmental entities.

Media Industry

The sector of the economy focused on the production and dissemination of content through various communication channels, including publishing, broadcasting, and digital platforms.

Regulation And Management

The act of controlling, directing, or governing something according to a system of rules or principles.

Desensitizes

The process by which repeated exposure to certain stimuli weakens emotional responsiveness to the stimuli.