Use the Following to Answer Question

question 89

Multiple Choice

Use the following to answer question
Figure: Production Possibilities
-(Figure: Production Possibilities) Which of the following is NOT correct regarding combination X?

• A) The combination is productively efficient.
• B) Society might judge other combinations on the line to be preferable to X.
• C) Because it is on the line,combination X has no opportunity cost.
• D) The combination might not be allocatively efficient.

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Definitions:

Business-to-Business Marketing

The marketing of products or services to other businesses or organizations.

Not-for-Profit Organizations

Not-for-profit organizations are entities that operate for purposes other than making a profit, focusing instead on social, educational, charitable, or other activities serving the public interest.

Institutional Marketing

Marketing strategies and efforts focused on creating awareness and selling products or services to large organizations rather than individual consumers.

Organizational Buyers

Entities such as businesses, governments, or institutions that purchase goods or services for use in the production of other goods and services, for resale, or for general operations.