Efficient production means producing:
a. less than feasible output for a given amount of resources.
b. more than feasible output for a given amount of resources.
c. the maximum feasible output for a given amount of resources.
d. no more than what is needed.
e. in excess of what is needed.
c
Economics
You might also like to view...
Where was the Climate Summit held in December 2009?
a. Brussels b. New York c. Seattle d. Copenhagen
Economics
Which of the following items would NOT be in U.S. GDP this quarter?
A. a dress produced and sold in Dallas, Texas this month B. a crane that was produced and sold as new two years ago C. a plane produced by Boeing this month that was sold in Europe to Air France D. a just-completed new home is sold to a household
Economics