2010
Economics
POST UTME
Allocative efficiency occurs only at that output where:
A.
marginal benefit exceeds marginal cost the by greatest
B.
consumer surplus exceeds producer surplus by the greatest amount
C.
the areas of consumer and producer surplus are equal
D.
the combined amounts of consumer surplus and producer surplus are maximizes.
Correct Answer: the combined amounts of consumer surplus and producer surplus are maximizes.
Explanation
This Question has no answer detail yet, Add oneTHIS WEEK's
Latest Articles
Top-Scorer Okoro Uchechukwu Solomon Reveals How He Scored 337 in JAMB
by samuel olalekan adeyemi
Bouncing Back: How Samuel Isaac Overcame Setbacks to Score 265 in JAMB and What He Learned
by samuel olalekan adeyemi
Managing Stress During Exams: Practical Tips for Students
by samuel olalekan adeyemi
