Multiple Choice
An efficient allocation of labor occurs when the
A) marginal benefit to workers exceeds the marginal benefit to firms.
B) marginal benefit to firms exceeds the marginal benefit to workers.
C) marginal cost to workers is equal to the marginal benefit to firms.
D) marginal cost and marginal benefit of both workers and the firms are equal to zero.
E) marginal benefit of workers exceeds the marginal cost to firms by as much as possible.
Correct Answer:

Verified
Correct Answer:
Verified
Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q146: In the market for cotton,suppose the equilibrium
Q147: The shortage created by a price ceiling
Q148: A rent ceiling on housing creates a
Q149: Suppose the marginal benefit the owner of
Q151: A rent ceiling set below the equilibrium
Q152: New York City,which has had a rent
Q153: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The graph shows
Q155: With a rent ceiling set below the
Q327: Compare and contrast a price ceiling and