Answer:
D) All of the above.
Explanation:
The marginal rate of transformation is the rate at which the consumer must give up y to get an additional unit of x. it is also referred to as the the slope of the budget constraint.
It can also be expressed mathematically as: Px/Py.
The answer is (D) All of the above.
Most likely operant conditioning, particularly involving positive reinforcement. Operant conditioning uses environmental stimuli to condition the tenants' behavior to save energy since they themselves will be rewarded with lower bills by doing so. Classical conditioning relies on stimulating reflex behavior, which is not the case in the given statement.
Answer: B. Each firm produces up to the point where the price of the good equals the marginal cost of producing the last unit.
Explanation:
Allocative efficiency means that the point chosen on the production possibility frontier is socially preferred.
In a perfectly competitive market, allocative efficency is achieved at the point where price equals the marginal cost of production. At this price producer and consumer surplus is maximised.
This answer the question ok
