Answer:
The correct answer is option A.
Explanation:
A market outcome will be considered economically efficient if the marginal benefit earned from the last unit is equal to the marginal cost incurred in the production of the last unit while the economic surplus or the sum of consumer surplus and producer surplus is at maximum.
If the marginal cost and benefit are not equal then the outcome is said to inefficient. It means that either the resources are not being allocated efficiently or the production is not efficient.
Choice B. Economics is the study of the ways in which money is created and used in society.
Hope this helps and have a great rest of the day!! :)
Answer:
The answer is: No, he can't discriminate.
Explanation:
The Civil Rights Act of 1866 defined citizenship without distinction of race or color, and stated that all citizens are equally protected by the law.
So the owner of the house (as well as everyone else in this country) is prohibited by law to discriminate potential buyers on the basis of race.
Answer:
the condition that has been reached is market equilibrium.
