Economic efficiency occurs when the firm produces a given output
A) by using the least amount of inputs.
B) by using the maximum amount of inputs.
C) at the least cost.
D) at the greatest cost.
C
Economics
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If the Federal Reserve is engaging in open market operations designed to expand the money supply, it is probably
a. selling government securities to banks. b. selling government securities to the public. c. buying government securities from the public. d. encouraging banks to exchange their Fed deposits for currency.
Economics
The selling of a good or service abroad at a price below what is charged in the home market or below the cost of production is referred to as
A) recycling. B) a quota. C) dumping. D) a tariff.
Economics