Allocative Efficiency Occurs When the

question 137

Multiple Choice

Allocative efficiency occurs when the

• A) minimum of average total cost equals average revenue.
• B) minimum of average total cost equals marginal revenue.
• C) marginal cost equals the marginal benefit to society.
• D) marginal revenue equals marginal benefit to society.

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Definitions:

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The 30th President of the United States (1923–1929), known for his small government conservatism and for his quiet and reserved personality, leading the nation through the Roaring Twenties.

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