If Option A costs $40 and yields 20 units of output, and Option B costs $50 and yields 20 units of output,
A) Option B and Option A are equally economically efficient.
B) Option B is economically efficient relative to Option A.
C) Option A is economically efficient relative to Option B.
D) It is not possible to determine which option is more economically efficient.
C
Economics
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Can an economy maintain high output growth, low unemployment, and low inflation at the the same time? Explain
What will be an ideal response?
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Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?
a. Huey, who did not work during the previous four weeks b. Dewey, who tried to find new employment during the previous four weeks c. Louie, who was an unpaid worker during the previous four weeks d. None of the above is correct.
Economics