What Is the Term for the Production of That Combination

question 136

Multiple Choice

What is the term for the production of that combination of products which best satisfies consumers' demands?

• A)Allocative efficiency.
• B)Productive efficiency.
• C)Marginal efficiency.
• D)Optimal efficiency.

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Definitions:

Dividends

Payments made by a corporation to its shareholders out of its profits.

Expenses

Costs incurred in the operation of a business to generate revenue.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.