The general rule for allocating a productive resource efficiently across different production activities of the same product, like fishing boats in the text case example, is to choose the allocation for which the
Choose one answer.
a. Average product of the resource is the same in every activity
b. Marginal product of the resource is the same in every activity
c. Total product of the resource is the same in every activity
d. Average product is equal to the marginal product in every activity