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Author Question: When a society achieves allocative efficiency, it (Read 58 times)

Chelseaamend

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on: May 24, 2019
When a society achieves allocative efficiency, it
◦ is not achieving production efficiency.
◦ is producing that combination of goods and services that society values most highly.
◦ might or it might not be producing at a point on society's PPF.
◦ is producing a combination of goods and services whose marginal cost exceeds their marginal benefit.
◦ is producing the combination of goods and services for which marginal benefit exceeds marginal cost by as much as possible.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Chelseaamend on May 24, 2019

shayla

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Chelseaamend

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

flexer1n1

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Reply 3 on: Yesterday
Wow, this really help

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