What is the meaning of "allocative efficiency"?
A. Producing only what is cheapest
B. When marginal benefit equals marginal cost
C. When the government sets prices
D. Wasting less resources

Question

MaximoRykei · Answer

The correct answer is B. Allocative efficiency is achieved when the resources in an economy are used in a way that the marginal benefit to society equals the marginal cost of production, meaning society gets the most value.

Answered by MaximoRykei | 2025-05-17

What is the meaning of "allocative efficiency"? A. Producing only what is cheapest B. When marginal benefit equals marginal cost C. When the government sets prices D. Wasting less resources

Answer (1)

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What is the meaning of "allocative efficiency"?
A. Producing only what is cheapest
B. When marginal benefit equals marginal cost
C. When the government sets prices
D. Wasting less resources

[Sagot para sa’yo] Sources of Information to Find Work

[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo