In the figure above, at the allocatively efficient level of computer production consumers are willing to give up

Table 7-1  Workers Toys1  5212322430535? ? ? In Table 7-1, the marginal physical product begins to diminish with the addition of the

A. second worker. B. third worker. C. fourth worker. D. Marginal returns never diminish in Table 7-1.

Adam Smith's theory of the invisible hand posits that the most efficient allocation of resources is often achieved by:

A. the actions of independent, self-interested buyers and sellers. B. collective action. C. reducing economic inequality. D. government intervention in the market.