Producing more cabbage is efficient if

Question

Quizplus · Accepted Answer

For producing more cabbage to be efficient, it should not come at the cost of reducing the production of other goods, which is covered in option A. Additionally, the opportunity cost of producing more cabbage should be less than its marginal utility, which is covered in option B. Finally, producing more cabbage will be efficient only if society values the additional cabbage more than the lettuce it must give up to produce the extra cabbage, which is covered in option C. Therefore, all of the above options are correct.

Producing More Cabbage Is Efficient If