Register
(Allocative efficiency? Voluntary exchange? Productive efficiency? occurs when a good or service is produced at the lowest possible cost. (Allocative efficiency? Voluntary exchange? Productive efficiency?
63.3k views
1 vote
(Allocative efficiency?

Voluntary exchange?
Productive efficiency?
occurs when a good or service is produced at the lowest possible cost.
(Allocative efficiency?
Voluntary exchange?
Productive efficiency?
occurs when production is in accordance with consumer preferences.

User Tacoman
by
4.5k points

1 Answer

5 votes

Answer:

The correct answers are;

Productive efficiency occurs when a good or service is produced at the lowest possible cost.

Allocative efficiency occurs when production is in accordance with consumer preferences.

User UndefinedReference
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.9m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Everyone has a unique spending plan. Which of the following factors has the greatest effect on a person's spending decisions?
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
Link Copied!