Refer to Figure 13-17. What is the allocatively efficient output for the firm represented in the diagram?

A possible budget reform involves: a. a quadrennial budget

b. breaking down the budget into increasingly small budget lines. c. appointing agency heads with different priorities than those of elected representatives. d. to simplify the budget document by concentrating only on major groupings and eliminating line items. e. to eliminate the operating budget.

If the price of one input changes, generally the firm will change its use of both inputs

a. True b. False Indicate whether the statement is true or false