Ask Question
BusinessBusiness
11 September, 11:48

Productive efficiency occurs when a good or service (such as the distribution of tickets) is produced at the lowest possible cost. Is this an efficient way to distribute the tickets? This is

A. an equitable way to distribute the tickets because everyone has an equal chance of getting a ticket.

B. not an equitable way to distribute the tickets because there may be enough tickets for faculty and staff.

C. not an equitable way to distribute the tickets because some students who really want them may be unable to go and get them.

D. an equitable way to distribute the tickets because the students who really want them will be able to go and get them.

+2
Answers (1)
  1. 11 September, 12:31
    0
    The correct answer is option C.

    Explanation:

    Productive efficiency means that resources are allocated in such a way that goods and services are produced at the minimum possible cost. Though it implies no wastage of resources, the distribution is not efficient.

    This is because, in this situation, tickets will not be available to all. Those students who really want them may not be able to go and get them. This means that welfare may not be maximized.

    When the production of goods and services is according to the preference of the consumer, it is called allocative efficiency.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Productive efficiency occurs when a good or service (such as the distribution of tickets) is produced at the lowest possible cost. Is this ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A new president at Liberty University has made student satisfaction with the enrollment and registration process one of her highest priorities.
Answers (1)
Why do skilled workers generally earn more than unskilled workers? a. The demand for unskilled labor is more inelastic than the demand for skilled labor. b. Skilled labor has higher marginal revenue products than unskilled labor. c.
Answers (1)
What changes have increased the risk associated with the santa ana winds in southern california?
Answers (1)
A business person invested $3600.00 in stock. when he sold the stock he made $30.00 in profit for each share of stock he purchased. if his total profit was $2400.00 how many shares of stock did he purchase?
Answers (1)
Does a monopoly have to be as considerate of the demand for their products as the other structures? explain.
Answers (1)
New Questions in Business
The following three defense stocks are to be combined into a stock index in January 2016 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance) : Suppose that Douglas McDonnell shareholders
Answers (1)
In addition to providing network security, organizations must address what other type of security issue?
Answers (1)
Dan bought a hotel for $2,600,000 in January 2015. In May 2019, he died and left the hotel to Ed. While Dan owned the hotel, he deducted $289,000 of cost recovery. The fair market value in May 2019 was $2,800,000.
Answers (1)
If inflation is expected to be 8 percent, how long will it take for prices to double?
Answers (1)
Some costs do not vary with the quantity of output produced. those costs are called a. marginal costs. b. fixed costs. c. explicit costs. d. average costs.
Answers (1)
Home » Business » Productive efficiency occurs when a good or service (such as the distribution of tickets) is produced at the lowest possible cost. Is this an efficient way to distribute the tickets? This is A.
Sign Up Forgot Password?