A Firm Has Achieved Technological Efficiency Whenever It Has

question 332

Multiple Choice

A firm has achieved technological efficiency whenever it has

• A) fully depreciated all its assets.
• B) produced the given output using the fewest inputs.
• C) produced the given output at the lowest cost.
• D) all of the above.

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Definitions:

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Key Accounts Manager

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Aptitude Test

A standardized test designed to measure an individual's ability or potential in a particular skill or field of knowledge.