Productive efficiency implies
A)the possibility of gains in one area without losses in another.
B)that more output has been produced.
C)the impossibility of gains in one area without losses in another.
D)that prices are stable.

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, indicating that resources are being used optimally.

Productive Efficiency Implies