Multiple Choice
When the marginal cost of producing a bike is greater than the marginal benefit of the bike, for resource use to be allocatively efficient,
A) people must be educated to demand more bikes.
B) it must be determined if the production of bikes can be increased.
C) more bikes should be produced.
D) no more and no fewer bikes should be produced.
E) fewer bikes should be produced.
Correct Answer:

Verified
Correct Answer:
Verified
Q66: Allocative efficiency refers to<br>A) producing the goods
Q67: Subsidies _ the price paid by the
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q69: Seventy per cent of Austin's chess club
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -In the figure
Q73: The cost of producing one more unit
Q74: Which of the following can result in
Q75: Which of the following is most closely
Q76: The 'big tradeoff' refers to<br>A) efficiency and
Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -In the figure