Answered: In economics, the term O A. optimal O…

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Economics

In economics, the term O A. optimal O B. marginal O C. allocative O D. equity means "additional" or "extra."

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 15RQ: What is productive efficiency? Allocative efficiency?

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Question

In economics, the term

O A. optimal

O B. marginal

O C. allocative

O D. equity means "additional" or "extra."

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