MCQOPTIONS
Saved Bookmarks
| 1. |
A production is technique is technically efficient if ? |
| A. | output is maximized |
| B. | inputs are minimized |
| C. | there is no way to make a given output using less of one input and no more of the other inputs |
| D. | Costs are minimized |
| Answer» D. Costs are minimized | |