Economic efficiency requires that
a. individuals produce at their maximum level.
b. only long-lasting, high-quality products be produced without regard to cost.
c. income be distributed equally among consumers.
d. all economic activity generating more benefits than costs be undertaken.
D
Economics
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If the median voter theorem is viewed as a two-player game, with the two players being the candidates running for office, a Nash equilibrium occurs when the candidates hold the most extreme, opposite political views
Indicate whether the statement is true or false
Economics
Based on the production data for Pat's Pizza Parlor in the above table, which of the following pair of workers have the same average product?
A) 1 and 2 B) 2 and 4 C) 1 and 5 D) 2 and 5
Economics