-In the figure above, at the allocatively efficient level of computer production consumers are willing to give up
A) 0 televisions per computer.
B) between 0 and 3 televisions per computer.
C) 3 televisions per computer.
D) more than 3 televisions per computer.

Question

-In the figure above, at the allocatively efficient level of computer production consumers are willing to give up
A) 0 televisions per computer. 
B) between 0 and 3 televisions per computer. 
C) 3 televisions per computer. 
D) more than 3 televisions per computer.

Quizplus · Accepted Answer

At the allocatively efficient level of production, the amount consumers are willing to give up for an additional unit matches the opportunity cost of producing that unit. If the figure (which is not visible in this format) indicates an allocative efficiency at a point where the opportunity cost of producing one more computer is 3 televisions, then consumers are willing to give up 3 televisions per computer at that level.

-In the Figure Above, at the Allocatively Efficient Level of Computer