In Order to Efficiently Allocate Goods and Services,we Have to Compare

question 36

Multiple Choice

In order to efficiently allocate goods and services,we have to compare

• A) total cost to total benefit.
• B) total cost to price.
• C) marginal benefit to price.
• D) marginal cost to marginal benefit.
• E) price to marginal cost.

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Definitions:

Exhalation

The process of breathing out or expelling air from the lungs, involved in the respiratory cycle.

Excretion

The process of eliminating waste products of metabolism and other non-useful materials from an organism's body.

Secretions

Substances produced and released by cells or glands in the body, which serve a variety of functions including lubrication, digestion, and defense.

Bleeding

The loss of blood from the circulatory system due to injury or illness.