The graph shows the marginal cost of producing stuffed animals and the marginalbenefit from stuffed animals in Oakdale.Oakdale achieves allocative efficiency ifO A. the largest quantity of stuffed animals possible is producedOB. 6 stuffed animals an hour are producedO C. 15 stuffed animals per hour an producedOD. people's marginal benefit from a stuffed animal exceeds the marginalcost of producing it18-15-12-d6-3-i040Dolls per stuffed animal-36912Stuffed animals per hourMCMB15

Marginal benefit (MB) means the additional satisfaction or utility that a consumer derives from…

The graph shows the marginal cost of producing stuffed animals and the marginal benefit from stuffed animals in Oakdale. Oakdale achieves allocative efficiency if O A. the largest quantity of stuffed animals possible is produced B. 6 stuffed animals an hour are produced C. 15 stuffed animals per hour an produced OD. people's marginal benefit from a stuffed animal exceeds the marginal cost of producing it 1 13

The graph shows the marginal cost of producing stuffed animals and the marginal benefit from stuffed animals in Oakdale. Oakdale achieves allocative efficiency if O A. the largest quantity of stuffed animals possible is produced B. 6 stuffed animals an hour are produced C. 15 stuffed animals per hour an produced OD. people's marginal benefit from a stuffed animal exceeds the marginal cost of producing it 1 13

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 6SCQ: A firms marginal cost curve above the average variable cost curve is equal to the films individual...

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