When the Efficient Rate of Output Is Produced in the Short

question 30

Multiple Choice

When the efficient rate of output is produced in the short run:

• A)marginal cost is greater than marginal benefit.
• B)the producer surplus is as large as possible.
• C)the total surplus is as large as possible.
• D)marginal benefit is greater than marginal cost.

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Definitions:

Marginally

To a minimal extent; slightly or barely meeting a requirement or standard.

Ethical

Relating to morals, it describes actions or behaviors that are considered right, fair, and in accordance with accepted principles of conduct.

Women

Refers to the adult female human beings, but in many contexts, it pertains to issues specifically related to their rights, representation, and experiences in society.

Men

In the context of workforce discussions, this usually pertains to the male segment of employees or population in consideration.