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nakungth nakungth
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Posts: 1175
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6 years ago
An efficient allocation of goods in an exchange economy means that
A) goods were produced by the most efficient technology available.
B) no one can be made better off without making somebody else worse off.
C) those made worse off are not hurt as badly as the benefits resulting from those made better off.  That is, there is a net positive gain.
D) in a particular production process one gets the maximum output for a given input.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
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6 years ago
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nakungth Author
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6 years ago
Thanks
zbmallo3
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Yesterday
this is exactly what I needed
Jadakiss
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2 hours ago
Just got PERFECT on my quiz
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