Business, 13.03.2020 19:22 shirleybuck
The marginal benefit of an additional beach towel is $12 the marginal cost of producing an additional beach towel is $8 as producers are minimizing the average cost of production and we can conclude:.
A. beach towel production is allocatively efficient than not productively efficient.
B. Beach Tower production is not allocatively efficient but is productively efficient.
C. beach towel production is neither allocatively nor productively efficient
D. beach towel production is both allocatively and productively efficient
Answers: 3
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The marginal benefit of an additional beach towel is $12 the marginal cost of producing an additiona...
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