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When the benefit of one particular use of a resource is greater than the opportunity cost?
Wiki User
∙ 14y ago
Being used efficiently
Wiki User
∙ 14y ago
JIMMY EDGE22
JIMMY EDGE22
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When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following?
being used efficiently <3
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
Which describes the resource when the benefit of its use is greater than the opportunity cost?
being used efficiently <3
When does marginal benefit occur?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
What does globalization create greater?
resource inequalities
When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following?
being used efficiently <3
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
What happens when optimal use of a resource takes place?
The benefit is greater than the opportunity cost.
What happens when the optimal use of a resource takes place?
The benefit is greater than the opportunity cost.
What is The optimal use of a resource takes place when happens?
The benefit is greater than the opportunity cost.
Which describes the resource when the benefit of its use is greater than the opportunity cost?
being used efficiently <3
Who benifts from copyright?
Creators benefit because they have a greater opportunity to make money from their works, and society benefits through more creative works.
When does marginal benefit occur?
Marginal benefit 'occurs' for any benefit (price) function, since a marginal term is simply the first-order derivative of its parent function. Marginal benefit is strictly greater than zero only when a benefit function is always increasing in total benefit over its domain.
What does globalization create?
greater resource inequalities
What does globalization create greater?
resource inequalities
How does scarce resources give rise to opportunity cost?
The scarcer the resourse the greater the opportunity cost
What generates the law of increasing opportunity costs?
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
