Multiple Choice
Input efficiency
A) Means that holding constant the total amount of each input used in the economy, there is no way to increase any firm's output without decreasing the output of another firm
B) Is a requirement of Pareto efficiency in a consumption economy
C) Exists when it is possible to produce more of one good and at least as much of every other good using the same inputs
D) Is a requirement of inefficiency in a production economy
Correct Answer:
Verified
Correct Answer:
Verified
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