The Most Efficient Combination of Resources in Producing a Given

question 64

Multiple Choice

The most efficient combination of resources in producing a given output is the combination that:

• A) comes closest to using the same quantities of land,labor,capital,and entrepreneurial ability.
• B) minimize the cost per unit of output.
• C) uses the smallest total quantity of all resources.
• D) conserves most on the use of labor.

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Definitions:

Drinking Water

Water that is safe and clean for human consumption, free from contaminants and pollutants.

Toxic Chemicals

Substances that can cause harm to humans, animals, plants, or the environment.

Surface Waters

Water that collects on the surface of the ground, including lakes, rivers, and ponds, as opposed to groundwater.

National Effluent Standards

Regulations set by a country to control the discharge of pollutants from industrial sites into water bodies to protect environmental and public health.