Solved

When Price Signals Reflect _ Benefits and _ Costs of Choices

Question 186

Multiple Choice

When price signals reflect _______ benefits and _______ costs of choices, we expect that the allocation of resources will be _______ .

A) average; average; efficient
B) marginal; marginal; inefficient
C) marginal; average; efficient
D) marginal; marginal; efficient

Related Questions

Q181: Use the following to answer question(s): Marginal

Q182: The best example of a common property

Q183: According to the Case in Point on

Q184: Use the following to answer question(s): Surplus

Q185: Economists assume that firms seek to maximize:<br>A)

Q187: An external cost would cause _ production

Q188: Property rights are defined as a set

Q189: If the marginal benefit received from a

Q190: Which of the following is a private

Q191: Making a statement about an equitable or