To Achieve Allocative Efficiency,one Must Compare the

question 260

Multiple Choice

To achieve allocative efficiency,one must compare the

• A) marginal cost of a good to its opportunity cost.
• B) opportunity cost to the attainable point on the production possibilities frontier.
• C) marginal benefit of a good to its marginal cost.
• D) marginal cost to the production efficiency cost.
• E) point of production efficiency to the point of allocative efficiency.

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Definitions:

Impulse

A sudden urge or desire to act or a brief electrical charge that travels through the nerves.

Medulla Oblongata

The lower portion of the brainstem responsible for regulating vital functions, such as heart rate, breathing, and blood pressure.

Skull

The bony structure forming the head in vertebrates, supporting the structures of the face and protecting the brain.

Death

The permanent cessation of all biological functions that sustain a living organism.