Inefficiency in an economy can be caused by

a. misallocating resources.
b. underemploying resources.
c. discrimination.
d. All of the above are correct.

d

Economics

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The above table gives techniques that Fatz Confectionery can use to produce 2,000 pounds of candy. Which technique is technology inefficient?

A) A B) B C) C D) D

Economics

When long-run average cost decreases as output increases there are definitely

A) increasing marginal returns. B) economies of scale. C) Both answers A and B are correct. D) Neither answer A nor B is correct.

Economics