If the Output of Product X Is Such That Marginal

question 96

Multiple Choice

If the output of product X is such that marginal benefit equals marginal cost:

• A)the correct amount of resources is being allocated to X's production.
• B)the value of producing X and the value of producing alternative products with available resources is the same.
• C)there can be no net gain to society by allocating either more or less resources to producing X.
• D)all of the above are true.

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Definitions:

Heart Disease

A range of conditions affecting the heart, such as coronary artery disease, heart attacks, congestive heart failure, and congenital heart defects.

Hostility

Aggressive behavior or attitudes directed towards others, characterized by antagonism or conflict.

Happiness

A state of well-being and contentment characterized by emotional or psychological satisfaction or pleasure.

Fearfulness

An emotional state of being frightened or scared, often triggered by perceived danger or threat.