A Firm Is Said to Be Productively Efficient If _____

question 111

Multiple Choice

A firm is said to be productively efficient if _____

• A)it produces its output at the lowest possible cost.
• B)it sells its product at the lowest possible price.
• C)it earns a positive economic profit.
• D)it produces what consumers demand.
• E)it earns a normal profit in the short run.

---

Definitions:

Enzymatic Reaction

An enzymatic reaction involves chemical processes in living organisms that are catalyzed by enzymes to convert substrates into different molecules.

Temporary Complex

A transient molecular complex that forms during various biochemical processes, such as enzyme-substrate interactions.

Lipase

Fat-digesting enzyme secreted by the pancreas.

Maltose

A sugar made from two glucose units joined together, commonly produced during the breakdown of starch in the digestive process.