Solved

An Allocation Satisfies the Output Efficiency Condition If

Question 55

Multiple Choice

An allocation satisfies the output efficiency condition if:


A) for every pair of goods, every input's marginal product equals the marginal rate of transformation.
B) for every pair of goods, every consumer's marginal rate of substitution equals the marginal rate of transformation.
C) only applies for firms that produce the same product.
D) only applies for consumers that consume the same goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions