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aniked [119]
3 years ago
12

Economic efficiency A. is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its

marginal cost of production. B. is a market outcome in which the sum of consumer surplus and producer surplus is at a maximum. C. is a market outcome in which every individual is better off than they would be at any other market outcome. D. both a and b. E. all of the above.
Social Studies
1 answer:
Vikki [24]3 years ago
8 0

Answer: Option (D) is correct

Explanation:

Economic efficiency is referred to as the situation where all commodities and factors of production residing within an economy are allocated or distributed in most efficient way in order to eliminate or minimize waste. It also implies to an state(economical) where resources are being optimally allocated in order to serve individuals or other entity in best way possible while trying to minimize inefficiency and waste.

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Which city became an important steamboat port in the 1800s?
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New Orleans

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Within bronfenbrenner's bioecological approach, which system underlies each of his system levels and involves the way the passag
Snowcat [4.5K]

Answer: Chronosystem.

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3 years ago
According to John Locke, the absence of a respected social contract is one of the hallmarks of a society lacking in __________.
Crank

Answer:

Fundamental freedom

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