What is productive efficiency? question 18 options:
a. a situation in which firms produce as much as possible
b. a situation in which resources are allocated such that goods can be produced at their lowest possible average cost
c. a situation in which resources are allocated such the last unit of output produced provides a marginal benefit to consumers equal to the marginal cost of producing it
d. a situation in which resources are allocated to their highest profit use?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is productive efficiency? question 18 options: a. a situation in which firms produce as much as possible b. a situation in which ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » What is productive efficiency? question 18 options: a. a situation in which firms produce as much as possible b. a situation in which resources are allocated such that goods can be produced at their lowest possible average cost c.