In order to satisfy as many wants as possible, it is necessaryto achieve productive efficiency (multiple choice)

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In order to satisfy as many wants as possible, it is necessaryto achieve productive efficiency

(multiple choice)

because otherwise resources are idle.

because producing more of one thing also leads to producing moreof another.

because otherwise output may go to where it is less valued.

Related Book For answer-question

Essentials Of Statistics For Business & Economics

ISBN: 9780357045435

9th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

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Posted Date: Dec 13, 2022 12:20 PM

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In order to satisfy as many wants as possible, it is necessaryto achieve productive efficiency (multiple choice)

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Producing productive efficiency means that resources are being used to the fullest poten... View the full answer

Essentials Of Statistics For Business & Economics

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