Solved

Use the Following to Answer Questions

Question 264

Multiple Choice

Use the following to answer questions : Use the following to answer questions :   -(Table: Production of Good Z and Good X in Urbanville)  Look at the table Production of Good Z and Good X in Urbanville. Suppose this table shows the production possibility frontier and Urbanville is producing 15 of Z and 45 of X. This combination is: A) both allocatively and productively efficient. B) productively efficient. C) allocatively efficient. D) neither productively nor allocatively efficient.
-(Table: Production of Good Z and Good X in Urbanville) Look at the table Production of Good Z and Good X in Urbanville. Suppose this table shows the production possibility frontier and Urbanville is producing 15 of Z and 45 of X. This combination is:


A) both allocatively and productively efficient.
B) productively efficient.
C) allocatively efficient.
D) neither productively nor allocatively efficient.

Correct Answer:

verifed

Verified

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

Related Questions