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Obtaining the Maximum Possible Output with a Given Set of Resources

question 32

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Obtaining the maximum possible output with a given set of resources or obtaining output for the lowest possible cost is known as:


Definitions:

Prestigious

Describes something esteemed or honored, often associated with high status or quality.

Dangerous

Refers to something that is likely to cause harm or poses a risk to safety.

Desirable Location

A geographic area considered attractive for living or business activities due to various factors such as accessibility, environment, or economic opportunities.

Unstable Work Opportunities

Employment situations that are irregular, unpredictable, and precarious, often without long-term security or benefits.

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