Economics · Microeconomics
Choose the correct option for which the allocation of inputs is technically efficient: (a) Output of one good cannot be increased without decreasing the output of another good. (b) Consumption of one good cannot be increased without decreasing the consumption of another good. (c) Consumer attains maximum satisfaction.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (b) and (c)
- 2Both (a) and (c)
- 3(a) only✓
- 4(b) only
Correct answer
(a) only
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