What Does Productive Efficiency Mean

question 78

Multiple Choice

What does productive efficiency mean?

• A)A product is being produced at the lowest possible short-run average cost but not necessarily at the lowest long-run average costs.
• B)A product is being produced at the lowest possible long-run average cost but not necessarily at the lowest short-run average costs.
• C)A product is being produced at the lowest possible short- and long-run average costs.
• D)A product is being produced at the lowest possible marginal costs.

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Definitions:

Naturally Occurring

Refers to processes, conditions, or events that exist or happen without human intervention.

Psychotherapy

A therapeutic treatment approach aimed at helping individuals understand their feelings, and to make positive changes in their behaviors and thought processes.

Psychological Disorders

Mental disorders characterized by patterns of behavior or thought that are pathological (diseased or disordered) and that cause significant distress or impairment to personal functioning.

Eclectic Approach

To therapy that results from combining elements of several different approaches or techniques.