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Author Question: ________ is a situation in which a good or service is produced at the lowest possible cost. A) ... (Read 61 times)

geoffrey

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on: Jun 29, 2018
________ is a situation in which a good or service is produced at the lowest possible cost.
 
  A) Equity B) Allocative efficiency
  C) Productive efficiency D) Optimal marginalism

Question 2

A decrease in population shifts the production possibilities frontier outwards over time.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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cdmart10

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


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