Economics 9708 · AS & A Level · Efficiency

Efficiency — practice question

What is most likely to result in a Pareto-optimal outcome?

  • Aoffering bulk-buy discounts to customers who join a loyalty scheme
  • Bswitching labour from producing low-priced products to producing high-priced products
  • Cswitching production from labour-intensive products to capital-intensive products
  • Dtraining low-skilled workers to operate machinery effectively

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