-The Figure Above Shows a Production Possibilities Frontier

question 4

Multiple Choice

-The figure above shows a production possibilities frontier.In the figure,which of the following combinations of the two goods are efficient?

• A) 2 million cell phones and 13 million DVDs
• B) 5 million cell phones and 15 million DVDs
• C) No cell phones and 15 million DVDs
• D) 4 million cell phones and 4 million DVDs
• E) None of these combinations is efficient.

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Definitions:

Weber

Refers to Max Weber, a German sociologist, known for his work on the bureaucratic model of organization, social stratification, and the study of religion and capitalism.

Bureaucratic Organization

A structured, formalized organizational form that relies on a fixed hierarchy of authority, formal rules and procedures, and a clear division of labor.

Behavioural Approaches

Methods in psychology and management focusing on understanding and influencing actions of individuals or groups.

Self-Actualizing

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.