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5) What is the rational rule to maximize economic surplus? 6) In market economies the rationing of goods and services is accomplished by a) Consumers

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5) What is the rational rule to maximize economic surplus? 6) In market economies the rationing of goods and services is accomplished by a) Consumers b) Producers C) Governments d) The price mechanism The next three questions refer to Table 1, which presents the maximum output combinations of an economy for two goods given the available technology and limited resources. Table 1 Maximum Output Quantity of Good x Quantity of Good y Options A 200 0 B 160 60 C 120 100 D 80 120 E 40 130 0 135

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