When Society Produces the Combination of Goods and Services on the PPF

Multiple Choice

When society produces the combination of goods and services on the PPF that it values the most highly, society has

A) achieved only allocative efficiency and definitely not production efficiency.
B) achieved a free lunch.
C) perhaps achieved production efficiency and perhaps achieved allocative efficiency.
D) achieved only production efficiency and definitely not allocative efficiency.
E) achieved both production efficiency and allocative efficiency.