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110 100 Production Function Indifference Curve ice cream today (cups) Teisure (hours) In Part 3-2 we covered the efficiency of the market mechanism. In the

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110 100 Production Function Indifference Curve ice cream today (cups) Teisure (hours) In Part 3-2 we covered the efficiency of the market mechanism. In the exhibit above which of the following terms correctly describe point Ill? Select all correct answers. Productive efficiency Allocation efficiency MPL = MRS Tangency

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