At a Competitive Equilibrium,if There Are No Taxes,subsidies,price Regulations,quantity Regulations,or

question 255

Multiple Choice

At a competitive equilibrium,if there are no taxes,subsidies,price regulations,quantity regulations,or externalities,

• A) the marginal benefit is greater than the marginal cost.
• B) resource use is efficient.
• C) the marginal benefit is less than the marginal cost.
• D) both the marginal benefit and the marginal cost of the last unit produced equal zero.
• E) the marginal benefit is greater than the marginal cost by as much as possible.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until it matures, including all interest payments and principal repayment.

Intrinsic Value

The actual, fundamental value of an asset, stock, or company calculated through analysis independent of market value.

Annual

The term annual refers to something that occurs once every year, used in various contexts such as annual reports, annual meetings, or annual events.