When the price of a good is a constant, the marginal revenue per unit of output is the same as:

Refer to Scenario 3. The marginal cost of producing the sixth unit of output is:

A) $33.33 (approximate). B) $55. C) $200. D) $250.

Which of the following statements best describes productive efficiency?

a. Productive efficiency occurs when as additional increments of resources are added to produce a good or service, the marginal benefit from those additional increments decline. b. Productive efficiency occurs when it is impossible to produce more of one good (or service) without decreasing the quantity produced of another good (or service). c. Productive efficiency occurs when a country can produce a good at a lower cost in terms of other goods or when a country has a lower opportunity cost of production. d. Productive efficiency occurs when the mix of goods being produced represents the mix that society most desires.