Producing goods at minimum possible cost is known as a)productive efficiency b)macroeconomic efficiency c)dynamic effciency d)allocative effciency

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Question 18     An increase in the price of product A will:             cause utility-maximizing…

A: We have to find an in increase in the price of product A.

Q: 1. Which of the following variables does not directly impact the quantity of a good the firm is…

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