The production of 1,000 shirts leaves an apparel manufacturer with a capacity to produce no more than 1,100 trousers during a month.This implies:
A) the production level is inefficient.
B) that if the production of trousers is reduced, that of shirts will also decline.
C) that a reallocation of resources may make previously unachievable outcomes achievable.
D) the production level is efficient.
Correct Answer:
Verified
Q19: A production point is economically efficient as
Q20: Tim's opportunity cost of selling his car
Q21: Brett, who is a chef, divides
Q22: The shares of the economic value of
Q23: _ determine the efficient pattern of specialization
Q25: Suppose a buyer and a seller agree
Q26: Jake can wash 6 cars or mow
Q27: Suppose a buyer hires an interpreter who
Q28: If the production of 2,000 cars and
Q29: What matters in Economics is:
A)how much gain
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents