What Is Allocative Efficiency

question 11

Multiple Choice

What is allocative efficiency?

• A)It refers to a situation in which resources are allocated to their highest profit use.
• B)It refers to a situation in which resources are allocated such that goods can be produced at their lowest possible average cost.
• C)It refers to a situation in which resources are allocated such that the last unit of output produced provides a marginal benefit to consumers equal to the marginal cost of producing it.
• D)It refers to a situation in which resources are allocated fairly to all consumers in a society.

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Definitions:

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A condition that affects sexual development before birth and during puberty, making the body partially or completely unable to respond to male sex hormones.

Gender Roles

Social and behavioral norms that are considered appropriate for individuals of a specific gender within a cultural context.

STEM-Related Activities

Tasks or projects connected to science, technology, engineering, and mathematics intended to educate or engage individuals in these fields.