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Author Question: The figure above shows the PPF, marginal cost curve, and marginal benefit curve for pizza. In the ... (Read 104 times)

sjones

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The figure above shows the PPF, marginal cost curve, and marginal benefit curve for pizza.


In the figure above, production efficiency occurs at ________, and allocative efficiency occurs at ________.
◦ all points on the PPF; only one point on the PPF
◦ only one point on the PPF; all points on the PPF
◦ only one point on the PPF; only one point on the PPF
◦ all points on the PPF; all points on the PPF
◦ all points on the PPF; all points above the PPF


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Marked as best answer by sjones on May 24, 2019

cuttiesgirl16

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