Author Question: A firm that engages in efficient production A) cannot produce the same output with fewer inputs. ... (Read 74 times)

ssal · **on:** Jul 1, 2018

A firm that engages in efficient production

A) cannot produce the same output with fewer inputs.
B) could produce the same output with fewer inputs if it wanted to.
C) is not interested in profit maximization.
D) uses old technology to minimize costs.

Question 2

Different public goods can have different sized sharing groups, so efficiency would dictate _____.

a. that only one national government is necessary
b. that public goods be provided by the federal government and the states deal with externalities
c. one world government for most pure public goods
d. different public goods supplied at different levels of government