If and Neither Vanish, Then:
A) Are $\degree$

question 1

Multiple Choice

If and neither vanish, then:

• A) are parallel and in the same direction
• B) are parallel and in opposite directions
• C) the angle between is 45\(\degree\)
• D) the angle between is 60\(\degree\)
• E) is perpendicular to

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Definitions:

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Producer Surplus

The variance between the price producers are willing to take for a good or service and the price they end up receiving.

Consumer Surplus

The discrepancy between the price consumers are ready to offer for a good or service and the price they end up paying.

Marginal Benefit

The enhanced enjoyment or utility gained from the consumption of one extra unit of a good or service.