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:

Trophic Level

The position that an organism occupies in a food chain, defined by how it gains its energy, usually ranging from producers to apex predators.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, and thermal.

Producers

Organisms in an ecosystem that produce biomass from inorganic compounds, typically through photosynthesis.

Hawks

Birds of prey known for their sharp eyesight and powerful talons, often symbolizing keen vision or warliking tendencies.