Author Question: Production efficiency occurs when production ________. A) is at a point beyond the production ... (Read 161 times)

lilldybug07 · **on:** Jun 29, 2018

Production efficiency occurs when production ________.

A) is at a point beyond the production possibilities frontier
B) is on the production possibilities frontier or inside it
C) is at any attainable point
D) is on the production possibilities frontier

Question 2

The opportunity costs perceived by decision makers determine

A) both demand and supply curves.
B) demand curves.
C) either demand or supply curves, but not both in the same case.
D) supply curves.