Which of the Following Describes a Situation in Which Every

question 276

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 maximization

---

Definitions:

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep, often linked to a deficiency in the brain's regulation of wakefulness and sleep.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, often leading to disrupted sleep and daytime tiredness.

Night Terrors

A sleep disorder causing feelings of panic or dread typically occurring during the first hours of stage 3-4 non-REM sleep.

Conscious Awareness

Being cognizant of and capable of reflecting on one’s own being, perceptions, thoughts, environment, and life occurrences.