An Efficient Allocation of Labor Occurs When the

question 150

Multiple Choice

An efficient allocation of labor occurs when the

• A) marginal benefit to workers exceeds the marginal benefit to firms.
• B) marginal benefit to firms exceeds the marginal benefit to workers.
• C) marginal cost to workers is equal to the marginal benefit to firms.
• D) marginal cost and marginal benefit of both workers and the firms are equal to zero.
• E) marginal benefit of workers exceeds the marginal cost to firms by as much as possible.

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Definitions:

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Origin Of Life

The process by which living organisms emerged from non-living matter, the specifics of which are still under scientific investigation.

Amino Acids

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxyl group.

Proteins

Proteins are large, complex molecules made up of amino acids and are essential for the structure, function, and regulation of the body's tissues and organs.