An economy will achieve productive efficiency when it ___ and will achieve productive efficiency when it

A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won& buy it because they done like the taste.  From an economic perspective, the company should..........   keep the hamburger on the menu because they have spent so much money and time developing and promoting the product.  spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.

A aldine.schoolobjects.com/aware2/onlineTestingApi/onlineTesting?testEntryld%364347529 - AldinelSD.org Bookmarks 6 Image of england D. Social Studies Economics 2nd NW DCA 2020-2021 Jorge Ortiz Ca O COLOR THEME Q Q ZOOM + ADD NOTE A QUESTION GUIDE 3 EXIT . Which of the following best explains the concept of an absolute advantage? Performing an economic production with a lower opportunity cost than another. Specializing In an economy that is more centered on providing services than goods. Carrying out an economic activity more efficiently than another individual or group. Investing in the biggest factories and machines in a free market economy. CLEAR ALL 8 O 10 NEXT > REVIEW & ( PREVIOUS O 2 INTL acer

23 core.learn.edgenuity.com/Player/ Gmail OYouTube Maps Translate The formal stateme. Understanding the Three Questions of Economics The three questions of economics are based on decisions made by economies. What statement best describes why economies must make these decisions? O Economies must make these decisions because resources are unlimited, but production must be limited. O Economies must make these decisions because resources are limited. Economies must make these decisions because consumers cannot make decisions on their own. O Economies must make these decisions to prevent producers from over-producing. Done Intro

Identify the point or points for which the following is true: The economy is producing efficiently.

ple Choice ý the letter of the choice that best completes the statement or answers the question. 1. Which of the following is an example of lower production costs brought about by the use of technology? the delivery costs of gasoline to the consumer by diesel trucks the use of e-mail to replace slower surface mail а. b. the making of breads and pastries in local shops rather than large bakeries the importing of fresh vegetables from South America rather than using canned vegetables- с. d. 2. What is the effect of import restrictions on prices? They cause prices to drop. b. a. They cause prices to rise. They often cause prices to rise steeply and then drop. d. They usually do not have any lasting effect on price. с. 3. What do sellers do if they expect the price of goods they have for sale to increase dramatically in the future? sell the goods now and try to invest the money instead of resupplying sell the goods now but try to get the higher price for them store the goods until the…

What is a ‘final good’? Select one: a. A good not used as an input in the production process b. A natural resource used to produce a good c. A good purchased as an input in the production process d. A good used in the production of another good

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The Three Questions of Economics Quiz Active D00000OO 1 Which of the following best illustrates the importance of addressing the three questions of economics? O People's desires and needs are always changing. O Businesses need to use limited resources wisely. O Traditional methods of production are outdated. O Businesses need to limit production. Mark this andreturn Save and Exit Next Subrnit

What could be the answer for second question? Can i get some idea so that i could futher write in detail please?