Examlex
A dating web site advertises that you can take a computerized test to find your perfect "soul mate." The psychologist who designed the test and methodology for the matching system was probably a ________ psychologist.
Least-Cost Combination
The least-cost combination is an economic principle that refers to the mix of factors of production that minimizes costs for a given level of output.
Resources
Inputs used in the production of goods and services, such as labor, capital, land, and entrepreneurship.
Output
The total amount of goods or services produced by a company, industry, or economy over a specific period of time.
Least-Cost Combination
is an economic principle where firms aim to produce a given output at the minimum possible cost by choosing the optimal combination of inputs.
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