The statement says that productive efficiency simply means that you were able to borrow money at a low rate to finance your business operations. It means nothing else. The correct answer is false.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance the output of one good without reducing the production of another is referred to as productive efficiency in microeconomic theory.
Analysts can use the following equation to calculate various levels of production efficiency:
The economy must be operating on its production possibility frontier in order for it to be productively efficient.
Learn more about product efficiency here brainly.com/question/23879464
#SPJ4
