Production inefficiency implies that:
A) goods are produced at too high a cost.
B) people who want the specific goods cannot get them at any price.
C) too many Twinkies and too few Ding Dongs were produced.
D) workers are lazy.

Question

Quizplus · Accepted Answer

Production inefficiency means that goods are being produced at a higher cost than necessary, indicating that resources are not being used in the most cost-effective way.

Production Inefficiency Implies That