If Option a Costs $40 and Yields 20 Units of Output,and

question 73

Multiple Choice

If Option A costs $40 and yields 20 units of output,and Option B costs $50 and yields 30 units of output,

• A) Option B and Option A are equally economically efficient.
• B) Option B is economically efficient relative to Option A.
• C) Option A is economically efficient relative to Option B.
• D) It is not possible to determine which option is more economically efficient.

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Definitions:

Colonial History

Refers to the period of history involving the discovery, colonization, and establishment of control by European powers over regions in the Americas, Africa, and Asia from the late 15th century to the early 20th century.

Goals

Objectives or desired outcomes that an individual or group aims to achieve through concerted efforts.

Liberty of Conscience

The freedom to follow one's own beliefs in matters of religion and morality without coercion.

British North America

Term referring to the British colonies and territories in North America, including Canada, during the period from the 16th century until 1783, when Britain recognized American independence.