The general rule for allocating a productive resource, Ask an Expert

Economics

The general rule for allocating a productive resource efficiently across different production activities of the same product, like fishing boats in the text case ex, is to choose the allocation for which the

Choose one answer.

a. Average product of the resource is the same in every activity
b. Marginal product of the resource is the same in every activity
c. Total product of the resource is the same in every activity
d. Average product is equal to the marginal product in every activity

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M960135

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