Refer to the diagram for athletic shoes. If the current output of shoes is Q 3 , then:
A. resources are being allocated efficiently to the production of shoes.
B. society would consider additional units of shoes to be more valuable than alternative
products.
C. society would consider additional units of shoes to be less valuable than alternative
products.
D. society would experience a net gain by producing more shoes.
C. society would consider additional units of shoes to be less valuable than alternative products.
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What is the opportunity cost of producing capital goods such as a new road?
What will be an ideal response?
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Indicate whether the statement is true or false