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Exhibit 21-3
-Refer to Exhibit 21-3. The marginal physical product figures in blanks (D) and (E) are, respectively,
Economic Efficiency
A state in which resources are allocated in the most effective way possible to meet consumers' needs and wants, maximizing output without wasting any resources.
Capital
Resources, including financial assets, equipment, and buildings, used to produce goods and services.
Capital Goods
Long-lasting goods that are used in the production of other goods and services, such as machinery, buildings, and equipment.
Consumables
Items or products that are intended to be used up and replaced.
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