Exhibit 7-1 -Efficiency Is Achieved When Marginal Benefit Is Equal to Marginal

question 34

True/False

Exhibit 7-1
-Efficiency is achieved when marginal benefit is equal to marginal cost.

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Definitions:

Shang

An early Chinese dynasty (around 1600–1046 BCE) known for its advanced bronze casting, development of a writing system, and ritual practices involving ancestor worship.

Asiatic Sumac

A type of shrub or small tree belonging to the genus Rhus, known for its colorful foliage and sometimes used for dye, tanning, or medicinal purposes.

Lacquer

A varnish-like substance made from the sap of the Asiatic sumac tree, used to decorate wood and other organic materials. Often colored with mineral pigments, lacquer cures to great hardness and has a lustrous surface.

Compositional Device

Techniques or strategies used by an artist to organize or structure the elements within an artwork, guiding the viewer's focus and shaping the overall effect or message.