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-Refer to the Above Diagram for Athletic Shoes

Question 177

Multiple Choice

  -Refer to the above diagram for athletic shoes.If the current output of shoes is Q<sub>3</sub>,then: A)  resources are being allocated efficiently to the production of shoes. B)  society would consider additional units of shoes to be more valuable than alternative products. C)  society would consider additional units of shoes to be less valuable than alternative products. D)  society would experience a net gain by producing more shoes.
-Refer to the above diagram for athletic shoes.If the current output of shoes is Q3,then:


A) resources are being allocated efficiently to the production of shoes.
B) society would consider additional units of shoes to be more valuable than alternative products.
C) society would consider additional units of shoes to be less valuable than alternative products.
D) society would experience a net gain by producing more shoes.

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