If There Is a Market Outcome in Which the Marginal

question 105

Multiple Choice

If there is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and consumer surplus plus producer surplus is maximised, then

• A)maximum deadweight loss occurs.
• B)economic efficiency is achieved.
• C)profits are maximised.
• D)costs are minimised.

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Definitions:

Telecommuting

A flexible work arrangement allowing employees to work from remote locations, such as their home, through digital communication.

Employee Recognition

The acknowledgment and appreciation of an employee's work and contributions to the organization, often used as a motivational tool.

Globalization

The process by which businesses, cultures, and societies become more interconnected and interdependent through trade, communication, and technology on a global scale.

Connectivity

Refers to the state or extent of being connected or interconnected, especially regarding telecommunications or computing devices.