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An Efficient Allocation of Productive Inputs Requires That

Question 24

Multiple Choice

An efficient allocation of productive inputs requires that:


A) each output has the same rate of technical substitution among inputs used.
B) each output has the same marginal rate of substitution for consumers.
C) each pair of outputs has the same rate of product transformation.
D) each individual has the same marginal rate of substitution between outputs.

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