Productive efficiency is found:
A) on PPF
B) on isorevenue line
C) inside PPF
D) inside the isorevenue line
Correct Answer:
Verified
Q30: If a Production Possibilities Frontier intersects an
Q31: The slope of the isorevene line is
Q32: A Production Possibilities Frontier (curve) represents:
A) how
Q33: If all resources are used to produce
Q34: If all resources are used to produce
Q36: Technological change in the good located on
Q37: Technological change in agriculture is a result
Q38: If the price of an output increases,
Q39: The MRPS is:
A) the rate at that
Q40: In equilibrium:
A) MRPS = slope of isorevenue
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