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Author Question: If the total output of some industry is allocated among its individual firms in such a way that the ... (Read 34 times)

Austinleez3

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on: Oct 12, 2022
If the total output of some industry is allocated among its individual firms in such a way that the total cost of producing the industry's output is minimized, we know the industry has achieved
1) full employment of resources;
2) productive efficiency;
3) allocative efficiency.
◦ 1 only
◦ 2 only
◦ 3 only
◦ both 1 and 3
◦ both 2 and 3
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Austinleez3 on Oct 12, 2022

kaelamcrone

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Reply #1 on: Oct 12, 2022
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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Austinleez3

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Reply 2 on: Oct 12, 2022
Excellent

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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