Question

Allocative efficiency means that A. every good or service is produced up to the point where marginal benefit is equal to marginal cost. B. a good or service is produced as quickly as possible. C. every good or service is distributed fairly. D. a good or service is produced at the lowest possible cost.

Answer 1

Answer:

A. every good or service is produced up to the point where marginal benefit is equal to marginal cost.

Explanation:

Allocative efficiency is when goods produced are what consumers want. It is when every good or service is produced up to the point where marginal benefit is equal to marginal cost.

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