Allocative Efficiency Is Achieved When the Marginal Benefit of a Good

question 96

Multiple Choice

Allocative efficiency is achieved when the marginal benefit of a good

• A) exceeds the marginal cost by as much as possible.
• B) exceeds the marginal cost, but not by as much as possible.
• C) is less than the marginal cost.
• D) equals the marginal cost.
• E) equals zero.

Describe the three steps in the person analysis process.

Understand the importance of conducting a needs analysis before designing training programs and be able to articulate the outcomes of such an analysis to stakeholders.

Identify conditions under which training is the most suitable solution to performance issues.

Differentiate between cognitive task analysis and team task analysis.