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Author Question: If society can produce more of one good but must forgo some of another good to do so, it is ... (Read 75 times)

jeatrice

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on: May 24, 2019
If society can produce more of one good but must forgo some of another good to do so, it is definitely achieving
◦ both production and allocative efficiency.
◦ only production efficiency.
◦ only allocative efficiency.
◦ neither production nor allocative efficiency.
◦ None of these answers is correct because when society must forgo another good to produce more of one good, then society might be production efficient or it might be allocatively efficient.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by jeatrice on May 24, 2019

leannegxo

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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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jeatrice

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
Gracias!

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