In the figure given below,the curve TT shows how the allocation of a resource affects the well-being of two individuals,Hank and Monica.
-In Figure 19-1,point C:
A)represents the resource allocation where total welfare is minimized.
B)indicates an inefficient allocation of resources.
C)is Pareto optimal.
D)represents an efficient but undesirable allocation of resources.

Question

In the figure given below,the curve TT shows how the allocation of a resource affects the well-being of two individuals,Hank and Monica. 
-In Figure 19-1,point C:
A)represents the resource allocation where total welfare is minimized. 
B)indicates an inefficient allocation of resources. 
C)is Pareto optimal. 
D)represents an efficient but undesirable allocation of resources.

Quizplus · Accepted Answer

Point C indicates an inefficient allocation of resources, as it does not maximize total welfare or achieve Pareto optimality.

In the Figure Given Below,the Curve TT Shows How the Allocation