________ is a situation in which a good or service is produced at the lowest possible cost. A) ...

Author Question: ________ is a situation in which a good or service is produced at the lowest possible cost. A) ... (Read 104 times)

geoffrey

Hero Member
Posts: 880

on: Jun 29, 2018

________ is a situation in which a good or service is produced at the lowest possible cost.

A) Equity B) Allocative efficiency
C) Productive efficiency D) Optimal marginalism

Question 2

A decrease in population shifts the production possibilities frontier outwards over time.

Indicate whether the statement is true or false

InMicro ¦ Hubbard, O'Brien ¦ 1^st Edition

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cdmart10

Sr. Member
Posts: 332

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

FALSE

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