Efficiency in a market occurs when the production of the good is such that the marginal cost stops increasing. marginal benefit equals marginal cost. marginal benefit exceeds marginal cost by the maximum amount possible. marginal benefit is lower than marginal cost. marginal benefit exceeds marginal cost.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Efficiency in a market occurs when the production of the good is such that the marginal cost stops increasing. marginal benefit equals ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $ 587,000 Variable expenses, North $ 340,600 Traceable fixed expenses, North $ 70,200 Sales revenues, South $ 453,200
Answers (1)
The example of having two equal lines of checkers and then increasing the spacing of checkers in one line and asking which live has more checkers is meant to test for
Answers (1)
Which is not something job applicants are generally asked for?
Answers (1)
An investment bank has a position vacant for the post of finance manager. Which three skills will they look for in their candidates?
Answers (1)
Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be made before they are released to the general public during which stage of the new-product process
Answers (1)
New Questions in Business
Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as many vases in a day as Jayson, and Regan can grow twice as many flowers in a month as Jayson.
Answers (2)
Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $1.50 each, he sells 100. At a price of $1 each, he sells 300. a.
Answers (1)
Starting last December, one of the three major credit-score trackers, Experian, added paying monthly rent as one of its criteria for calculating a credit score.
Answers (1)
Odell's Furniture has a manufacturing facility in Rigby, Idaho that has an effective capacity of 106 furniture pieces per day and produces 88 furniture pieces per day. What is the facility's efficiency rate? a. Write your answer as a percentage. b.
Answers (1)
Benefits are offered by employers to attract good employees. a. True b. False
Answers (1)