Which Statement Is TRUE Regarding Production Efficiency

question 315

Multiple Choice

Which statement is TRUE regarding production efficiency?

• A) Efficiency and cost are unrelated concepts.
• B) Production efficiency is independent of the type of technology used.
• C) Producing at the lowest possible resource cost is equivalent to getting as much output as possible from a given set of resources.
• D) The most economically efficient production technology is not always the cheapest.

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Definitions:

Notify

To inform or alert someone about a piece of information or an event.

Diabetes

A chronic condition characterized by high levels of sugar in the blood due to insulin production or action issues.

Scheduling

The process of organizing, planning, and arranging appointments, tasks, or operations in order to optimize time and resources efficiently.

Extra Consideration

Additional thought, attention, or priority given to a particular matter or individual, often due to special circumstances.