A firm is producing an output such that benefit from one more unit is more than the

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A firm is producing an output such that benefit from one more unit is more than the cost of producing that additional unit. this means the firm is:

a. producing more output than allocative efficiency requires

b. producing less output than allocative efficiency requires.

c. achieving productive efficiency.

d. none of these

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jan 06, 2024 09:25 AM

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A firm is producing an output such that benefit from one more unit is more than the

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