The Optimal Allocation of Resources Is Found

question 391

Multiple Choice

The optimal allocation of resources is found

• A) where MB = MC.
• B) at every point along a production possibilities curve.
• C) where the marginal benefit is at its greatest.
• D) where the marginal cost is at its lowest.

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Definitions:

Victor of Aveyron

A feral child discovered in late 18th century France who became a subject of study in the development of language and education for children with severe disabilities.

Socialization

The process through which individuals learn and adapt to the norms, values, and behaviors of their society.

Impression Management

Impression Management is a process in which individuals attempt to influence the perceptions others have of them, through controlling information in social interactions.

Feral Children

Children who have lived significant portions of their formative years in isolated or non-human environments, often cited in studies of human socialization and behavior.