Which of the Following Describes a Situation in Which Every

question 106

Multiple Choice

Which of the following describes a situation in which every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it?

• A)productive efficiency
• B)allocative efficiency
• C)marginal efficiency
• D)profit maximisation

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Definitions:

Title Bar

The part of a window that displays the title and usually contains control buttons for closing, minimizing, or expanding the window.

Labels

Identifiers used in programming to name variables, functions, classes, or to mark sections of code for reference.

Display Window

A graphical control element, part of a graphical user interface, that displays the output and allows for interaction with the software.

Show

A generic term that can refer to making something visible or displaying information to the user in a variety of contexts, including software applications.