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
Blank is the only way to reduce sleepiness?
Answers (1)
Sally smith, a supervisor at kroger's, was recently evaluated by her subordinates. their responses indicated that sally uses theory x assumptions when dealing with employees.
Answers (1)
The major difference between the indirect and the direct method of a statement of cash flows appears in which the following activities section (s) ? A. The investing activities and financing activities sections. B.
Answers (1)
Cullumber Company is considering buying equipment for $220000 with a useful life of 5 years and an estimated salvage value of $6000. If annual expected income is $28000, the denominator in computing the annual rate of return is $226000. $110000.
Answers (1)
Elements of effective rehearsal include all of the following except a. simulating the speech conditions. b. incorporating necessary changes. c. preparing note cards to read during the presentation. d. rehearsing the entire speech often.
Answers (1)
New Questions in Business
Matching the industry average spending on advertising best describes the:
Answers (1)
A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200,000 immediately, and $30,000 at the end of each of the next 10 years.
Answers (1)
The purpose of this phase is to provide ongoing assistance for an information system and its users after the system is implemented. what is this phase?
Answers (1)
Ms. Smith withdraws $1,000 from her safe and deposits the money in a bank. If the bank holds no excess reserves and the reserve requirement is 10 percent, how will this deposit increase the bank's required reserves and the bank's loans?
Answers (2)
Select the item that can be answered by using knowledge. 1. A transaction's order date, amount sold, and quantity ordered 2. Taking into account external reasons for the recent underperformance of a good salesperson 3.
Answers (1)