The optimal mix of output is the most desirable combination of output attainable with existing
A) Resources and products.
B) Resources,technology,and social values.
C) Resources,government regulations,and technology.
D) Technology and business decisions.
Correct Answer:
Verified
Q2: Market failure implies that the market mechanism
A)Leads
Q3: A private good
A)Is consumed by one person
Q4: Government intervention may be appropriate to correct
Q5: The most desirable combination of output attainable
Q6: Resources are directed from one industry to
Q8: The optimal mix of output is always
Q9: When market failure occurs,the role of government
Q10: Which of the following is a source
Q11: In a market economy,producers will produce the
Q12: If production in the economy is efficient,then
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