Efficient Resource Allocation Is Defined as MC = AC

question 53

True/False

Efficient resource allocation is defined as MC = AC.

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Definitions:

Learning

The acquisition of knowledge, skills, attitudes, or behaviors through study, experience, or teaching.

Permanent

Permanent describes a state or condition that is intended to last or remain unchanged indefinitely, without an endpoint.

Learning

A process that results in a relatively permanent change in behavior or knowledge, due to experience.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through experience, study, or teaching.