Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

Which statement most accurately defines productive efficiency?

  • AIt is not possible to increase profits by changing the level of production.
  • BIt is not possible to make anyone better off without others becoming worse off.
  • CIt is not possible to produce the level of output at a lower unit cost.
  • DIt is not possible to produce outside the production possibility curve.

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