Which of the Following Is True of an Efficient Distribution

question 44

Multiple Choice

Which of the following is true of an efficient distribution of two goods among two individuals?

• A)The efficient distribution of goods is represented by a point off the contract curve.
• B)The individuals' marginal rates of substitution are not equal at an efficient distribution of goods.
• C)If the distribution of two goods is efficient,one person can be made better off without harming the other.
• D)The point of tangency between two indifference curves shows an efficient distribution of goods.

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Definitions:

Total Revenues

The total sum of money a company earns from selling goods or providing services over a specified time frame.

Total Costs

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

Energy Crisis

A condition characterized by a significant shortage of energy resources, leading to escalated energy prices and potentially impacting economic and social activities.

Gasoline Consumption

The total amount or volume of gasoline used by consumers or industries within a given period.