Q
A production is technique is technically efficient if ?
-
A
A. Output is maximized
-
B
B. Inputs are minimized
-
C
C. There is no way to make a given output using less of one input and no more of the other inputs
-
D
D. Costs are minimized
Correct Answer:
C. C. There is no way to make a given output using less of one input and no more of the other inputs
