What Is Productive Efficiency

question 38

Multiple Choice

What is productive efficiency?

• A)a situation in which resources are allocated to their highest profit use
• B)a situation in which resources are allocated such that goods can be produced at their lowest possible average cost
• C)a situation in which resources are allocated such the last unit of output produced provides a marginal benefit to consumers equal to the marginal cost of producing it
• D)a situation in which firms produce as much as possible

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Definitions:

Humanistic

A psychological approach that emphasizes the study of the whole person, looking at human behavior not only through the eyes of the observer but also through the eyes of the person doing the behaving.

Self-disclose

The act of revealing personal information to others, which can strengthen relationships and build trust.

Troublesome Thoughts

Are undesired intrusive thoughts that can cause distress, disrupt daily functioning, and often are difficult to manage or control.

Tension

Tension refers to a state of mental or emotional strain, often resulting from challenging or demanding circumstances.