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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Colleen Mooney earned a salary of $400 for the last week of September. She will be paid on October 1. The adjusting entry for Colleen's employer at September 30 is: Select one: a. No entry is required. b.
Answers (1)
Standards differ from budgets in that A) only budgets contribute to management planning and control. B) budgets but not standards may be used in valuing inventories. C) budgets but not standards may be journalized and posted.
Answers (1)
Toyota manufactures many different styles and models of vehicles likely because: a. with over 1,200 dealerships in the United States, Toyota must make the models available to purchase for customers. b.
Answers (1)
Work in process, November 1st Started in production during November Work in process, November 30th Units 16,900 109,000 24,900 The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs.
Answers (1)
Which investment has the least liquidity? property stocks a savings account a 401k
Answers (1)
New Questions in Business
Davita Spencer is a manager at Half Dome Asset Management. She can generate an alpha of 2% a year up to $100 million. After that her skills are spread too thin, so she cannot add value, and her alpha is zero.
Answers (1)
Lusk Corporation produces and sells 15,700 units of Product X each month. The selling price of Product X is $27 per unit, and variable expenses are $21 per unit. A study has been made concerning whether Product X should be discontinued.
Answers (1)
ichael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State College. The business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000.
Answers (1)
Jackie Swain obtains a $65,000 loan on her home. The principal and interest payments are based on a factor of 8.05 per $1,000. The loan is for 30 years at 9%. How much does Jackie pay in total interest over the life of the loan?
Answers (1)
From 1900 to 1929, what happened to the salary of an average worker in the united states
Answers (1)