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-Refer to the Above Diagram for Athletic Shoes

Question 36

Multiple Choice

  -Refer to the above diagram for athletic shoes.If the current output of shoes is Q<sub>1</sub>,then: A)  society would consider additional units of shoes to be more valuable than alternative products. B)  society would consider additional units of shoes to be less valuable than alternative products. C)  society would experience a net loss by producing more shoes. D)  resources are being allocated efficiently to the production of shoes.
-Refer to the above diagram for athletic shoes.If the current output of shoes is Q1,then:


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

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