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When the benefit of one particular use of a resource is greater than the opportunity cost then that resource is which of the followingAsk us anything?
When the benefit of a particular use of a resource is greater than the opportunity cost, that resource is considered to be allocated efficiently. This means that the resource is being used in a way that maximizes its value and contributes positively to overall utility. Essentially, it reflects a scenario where the chosen option provides a net gain compared to the next best alternative.
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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
When the benefit of one particular use of a resource is greater than the opportunity cost?
Being used efficiently
Anything that can be used to_ to a need is a resource?
Anything that can be used to meet a need is a resource. This can include tangible items like food and water, as well as intangible resources like skills or knowledge. The key is that the resource helps fulfill a particular requirement or desire.
Anything that can be used to_ a need is a resource?
Anything that can be used to_ a need is a resource
In an accounting classification what does the Element of Expense Investment Code represent?
Resource consumption for a particular commodity
What is a lack of a particular resource?
A lack of a particular resource refers to a situation where there is an insufficient quantity or absence of that specific resource to meet the demand or needs. This can lead to challenges or limitations in carrying out activities or achieving goals that require that resource.
What are some examples of energy resource?
i dont no?
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
When you are considering the value of a resource in its next best use you are considering its?
opportunity cost
The availability of a particular resource is know as?
C: Scarcity
What are some natural resource's in Mississippi?
It's resources, not resource's, as the resources do not own anything.
The availability of a particular resource is known as?
scarcity-nova net
