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In the Diagram, at Output Level Q1

Question 172

Multiple Choice

  In the diagram, at output level Q<sub>1</sub>, A) neither productive nor allocative efficiency is achieved. B) both productive and allocative efficiency are achieved. C) allocative efficiency is achieved, but productive efficiency is not. D) productive efficiency is achieved, but allocative efficiency is not. In the diagram, at output level Q1,


A) neither productive nor allocative efficiency is achieved.
B) both productive and allocative efficiency are achieved.
C) allocative efficiency is achieved, but productive efficiency is not.
D) productive efficiency is achieved, but allocative efficiency is not.

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