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Technological inefficiency: O A. implies the existence of economic inequity. B. exists when more total output could be produced given an economy's resources. OC. exists whenever maximum output is achieved given the resources available. O D. occurs whenever it is still possible to make someone better off without making someone else suffer.

Technological inefficiency: O A. implies the existence of economic inequity. B. exists when more total output could be produced given an economy's resources. OC. exists whenever maximum output is achieved given the resources available. O D. occurs whenever it is still possible to make someone better off without making someone else suffer.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Technological inefficiency: O A. implies the existence of economic inequity. B. exists when more total output could be produced given an economy's resources. OC. exists whenever maximum output is achieved given the resources available. O D. occurs whenever it is still possible to make someone better off without making someone else suffer. ***** 4
Transcribed Image Text:Technological inefficiency: O A. implies the existence of economic inequity. B. exists when more total output could be produced given an economy's resources. OC. exists whenever maximum output is achieved given the resources available. O D. occurs whenever it is still possible to make someone better off without making someone else suffer. ***** 4
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