If an economy cannot produce more of one good without producing less of another good, this implies that which of the following has been achieved?

A) allocative efficiency
B) minimum marginal cost
C) PPF efficiency
D) production efficiency
E) maximum marginal benefit

D

Economics

You might also like to view...

According to Figure 5.4, how many slices of pizza will one pizzeria be willing to supply at a market price of $1.50 a slice?

(A) 2,000 (B) 300 (C) 200 (D) 100

Economics

The part of consumption that is dependent on disposable income is called autonomous consumption

Indicate whether the statement is true or false

Economics