When the benefit of one particular use of a resource is greater…
Question 6c of 10 - Utility
- Maximum Attempts: 1
- Question Type: Multiple Choice
- Maximum Score: 2
- Question: When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following?
- Not scarce
- Being used efficiently
- A normal good
The correct answer is: Being used efficiently. When a resource is being put to its optimal use, there is no way to get a greater benefit out it.
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