Allocative Efficiency Can Be Defined as

question 158

Multiple Choice

Allocative efficiency can be defined as

• A)all non-value activities performed with minimal quantities needed to produce the given outputs.
• B)elimination of all non-value-added activities.
• C)input prices determining the relative proportions of each input that should be used.
• D)input prices determining the relative proportions of each output that should be produced.

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Definitions:

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A United States federal law enacted in 1991 designed to restrict telemarketing calls, the use of automated telephone equipment, and the sending of unsolicited faxes and texts.