Answer:
The correct answer is D. beach towel production is both allocatively and productively efficient.
Explanation:
Productive efficiency (also known as technical efficiency) occurs when the economy is using all its resources efficiently, producing maximum production with minimum resources. The concept is illustrated in the Production Opportunities Frontier (FPP) in which all points of the curve are the points of maximum productive efficiency (that is, no more products can be achieved from the present resources).
Answer:
The present worth of their cost over a 10-year period at an interest rate of 10% per year is 114,627,795.36
Explanation:
Detailed steps are attached below
Are their any options for the blank space that you could use?
Answer:
I think discrimination, unions, unemployment, income inequality, immigration
