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Indu Dhiman posted an Question
August 12, 2021 • 23:10 pm 30 points
  • UGC NET
  • Economics

Question : 68/100 previous year solved papers (psp)- economics choose the correct option for which the allocation of inputs is technically efficient? (a) withou

Question : 68/100 Previous Year Solved Papers (PSP)- Economics Choose the correct option for which the allocation of inputs is technically efficient? (a) without increasing the output of the order good (b) Output of one good can not be decreased Consumption of one good can not be without decreasing the consumption of increased another good (c) Options: Consumer attains maximum satisfaction (b) only (a) only Both (a) and (c) Both (b) and (c) View Solution Consumption of one good cannot be increased without decreasing the consumption of another good within a given sit of goods and given income.

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  • Aabha mishra 1 best-answer

    in the given question only option A will be correct because in question it is asking about technically efficient allocation of inputs and input can only be allocated efficiently in the production of goods. So from this point of view option A will be correct and the remaining two options are talking about consumer's point of. view hence it will not be considered in the efficient allocation of inputs because the producer has the ability to manage efficient allocation of inputs. I hope it is clear to you now

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