Production efficiency means that
A) scarcity is no longer a problem.
B) producing more of one good is possible only if the production of some other good is decreased.
C) producing another unit of the good has no opportunity cost.
D) as few resources as possible are being used in production.
Correct Answer:
Verified
Q142: Marginal cost
A) decreases as more is produced.
B)
Q143: Q144: Q146: Moving along a bowed-out PPF between milk Q148: The bowed-outward shape of a PPF Q149: A marginal cost curve Q149: Moving along a PPF, marginal cost is Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) is
A) is upward sloping.
B)
A)
