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-Employees at Bank of America Are Good at Providing Banking

Question 362

Multiple Choice

  -Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream. The figure above shows the marginal cost and marginal benefit curves for ice cream. Point b represents ________ of banking services and ice cream. A)  allocation efficiency and possibly production efficiency B)  neither allocative nor production efficiency C)  allocative and production efficiency in the production D)  production efficiency and possibly allocative efficiency in the production
-Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream. The figure above shows the marginal cost and marginal benefit curves for ice cream. Point b represents ________ of banking services and ice cream.


A) allocation efficiency and possibly production efficiency
B) neither allocative nor production efficiency
C) allocative and production efficiency in the production
D) production efficiency and possibly allocative efficiency in the production

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