If the Output of Product X Is Such That Marginal

question 141

Multiple Choice

If the output of product X is such that marginal benefit equals marginal cost,

• A) the correct amount of resources is being allocated to X's production.
• B) the value of producing X exceeds the value of producing alternative products with the available resources.
• C) there can be a net gain to society by allocating either more or less resources to producing X.
• D) resources are overallocated to the production of X.

---

Definitions:

Portfolio Manager

A professional responsible for making investment decisions and overseeing a portfolio of assets to achieve the investor's objectives.

Asset Universe

The full range of investment options available for asset allocation.

Investment Company

An entity, either a corporation or trust, that specializes in gathering and investing collective funds from investors into financial securities.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs, held by an individual or an institution.