Production inefficiency implies that
A) goods are produced at too high a cost.
B) people who want the specific goods cannot get them at any price.
C) too many Twinkies and too few Ding Dongs are produced.
D) workers are lazy.

Question

Quizplus · Accepted Answer

Production inefficiency implies that goods are produced at too high a cost, meaning that resources are not being used efficiently, resulting in higher costs and lower profits. This can be due to various factors such as outdated technology, inefficient production processes, or underutilized resources. None of the other choices accurately represent production inefficiency.

Production Inefficiency Implies That