For Productive Efficiency to Hold

question 210

Multiple Choice

For productive efficiency to hold,

• A) price must equal the marginal cost of the last unit produced.
• B) price must equal marginal revenue of the last unit sold.
• C) average variable cost is minimised in production.
• D) average total cost is minimised in production.

---

Definitions:

Hypnotizability

An individual's susceptibility or capacity to respond to hypnotic suggestion, varying greatly between individuals.

Dissociative Identity Disorder

A complex psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual.