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Production Efficiency Exists When the Least Cost Combination of Inputs

question 19

True/False

Production efficiency exists when the least cost combination of inputs isused to produce output.


Definitions:

Program Modification

The process of making changes or updates to software or a set of instructions to correct errors or enhance functionality.

Energized

Refers to equipment that is supplied with electrical power or is in a state of being electrically charged.

Sequencer

A device or software that arranges and triggers a series of events or operations in a particular order.

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