If Society Has Overallocated Resources to a Particular Activity, Then

question 11

True/False

If society has overallocated resources to a particular activity, then the marginal benefits of the activity would be less than the marginal costs.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Net Profit Margin

A financial metric that shows the percentage of a company's revenue that remains as net income after operating expenses, interest, taxes, and preferred stock dividends have been deducted.

Management Efficiency

A measure of how effectively a business or organization's management team utilizes resources to achieve its goals.

Sales Dollar

A term representing the total dollar amount generated from sales transactions within a specific period.