Examlex
Which of the following is true about the MP3 music file format?
Costs
The value of resources sacrificed to achieve a particular objective, such as producing goods or services.
Benefits
Forms of value, such as financial support, goods, or services, provided to individuals or organizations, typically as part of employment or governmental support.
Marginal Benefit Assessment
The evaluation of the additional benefits received from using one more unit of a good or service.
Economic Efficiency
A state where resources are allocated in the most effective manner, maximizing the production of goods and services while minimizing waste and costs.
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