If an economy is producing efficiently, then A. there is no way to produce more of one good without producing less of another good. B. it is possible to produce more of one good without producing less of another good. C. it is possible to produce more of both goods without increasing the quantities of inputs that are being used. D. it is not possible to produce more of any good at any cost. Submit Answer Continue without saving

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Business

Rico

24 May, 09:17

If an economy is producing efficiently, then A. there is no way to produce more of one good without producing less of another good. B. it is possible to produce more of one good without producing less of another good. C. it is possible to produce more of both goods without increasing the quantities of inputs that are being used. D. it is not possible to produce more of any good at any cost. Submit Answer Continue without saving

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Andreas Bailey · Answer 1

the correct answer is A. There is no way to produce more of one good without producing less of another good.

Explanation:

In Economy, there is two principal variables, the goods and the resources to produce that goods. The term Efficient means the best way to produce one o more goods using less resources, it means that in teory, more resources you use, more goods you produce, but the resources are limited and they are distributed proportionally to produce in the most efficient way all the goods in an economy. So in order to produce more from one good, is necessary to take resources out from another productions, and doing so, the production of the second good will be diminished.