Allocative efficiency refers to
A) producing the goods and services most highly valued.
B) producing the maximum possible amount of output.
C) using the least amount of labour to produce output.
D) obtaining the least output with the most inputs.
E) producing at any point on the PPF.

Question

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The Answer of Allocative efficiency refers to
A) producing the goods and services most highly valued.
B) producing the maximum possible amount of output.
C) using the least amount of labour to produce output.
D) obtaining the least output with the most inputs.
E) producing at any point on the PPF.

Allocative Efficiency Refers to