Economic efficiency is A. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is not at a maximum. B. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum. C. a market outcome in which the marginal benefit to consumers of the last unit produced is greater than its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum. D. a government outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum.

Question

04-10-2019
Business

contestada

Economic efficiency is A. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is not at a maximum. B. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum. C. a market outcome in which the marginal benefit to consumers of the last unit produced is greater than its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum. D. a government outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer surplus and producer surplus is at a maximum.

Respuesta :

Otras preguntas

v = fa What does this formula calculate? What does each variable in this formula represent? 1 point for explaining what the formula calculates. 1 point for defi

Only about 13 percent of family owned businesses are passed down successfully a third generation. One of the main reason for this is that _____________ move so

. If the share price falls to $100 per share by the end of the year, what is the remaining margin in his account

During the Progressive era:Group of answer choicesgrowing numbers of native-born white women worked as domestics.most African-American women worked in factories

With social constructed differences, there are no actual differences between people Select one: True False

Write maxOfArray, which takes in an array of integers and returns the largest integer within the array. If the array is empty, throw an IllegalArgumentException

Only a few years after the ratification of the First Amendment, Congress passed the _____ which punished those who spoke out against the government and was late

Balance the following equation and express the rate in terms of the change in concentration with time for each substance: NO(g) + O2(g) LaTeX: \longrightarrow⟶

a. Consider a horizontal slab of air whose thickness is dz. If this slab is at rest, the pressure holding it up from below must balance both the pressure from a

Germanium (Ge) has a diamond lattice with an atomic density of 4.42x10^22 atoms/cm^3, while aluminum (Al) is a face-centered cubic with atomic density of 6.02x1

Nyctalus Nyctalus · Answer 1 · 2019-10-07T11:41:41+02:00

Answer: Option B

Explanation: Economic efficiency refers to a situation when all the resources that exist in an economy are allocated in such a way that all the individuals and entities in the economy is getting the maximum utility out of them.

In an efficient economy the surplus of both consumer and supplier are maximum and any increase or decrease in resource allocation will only result in harm of the economy.

Hence from the above we can conclude that the correct option is B.