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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1275774
Introduction to Economics 1 Deneme Sınavı Sorusu #1275774
Which of the following refers to a situation in which production meets consumer preferences?
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Economic efficiency. |
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Long-run equilibrium. |
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Firm equilibrium. |
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Normal economic profit. |
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Allocative efficiency. |
Yanıt Açıklaması:
Allocative efficiency refers to a situation in which production meets consumer preferences. Economic efficiency is achieved when the marginal social benefit (MSB) to consumers equals the marginal social cost of production (MSC). Therefore, the correct option is E.
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