Sunday, July 3, 2011

"Efficiency" refers to

ECONOMICS

Multiple Choice

Multiple Choice

"Efficiency" refers to

a.producing output using the least amount of labor

b.producing output using the least amount of capital

c.producing as far inside the production possibilities frontier as possible

d.producing only one out of many possible commodities

e.getting the maximum possible output from available resources

Click here for the SOLUTION

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