Productive efficiency implies that
A) it is impossible to obtain gains in one area without losses in another.
B) it is possible to obtain gains in one area without losses in another.
C) there are too many resources.
D) there are too few resources.
E) none of the above

Question

Quizplus · Accepted Answer

Productive efficiency occurs when an economy or entity is operating in such a way that it is impossible to produce more of one good without reducing the production of another, meaning resources are being used optimally.

Productive Efficiency Implies That