Input Efficiency

question 33

Multiple Choice

Input efficiency

• A) Means that holding constant the total amount of each input used in the economy, there is no way to increase any firm's output without decreasing the output of another firm
• B) Is a requirement of Pareto efficiency in a consumption economy
• C) Exists when it is possible to produce more of one good and at least as much of every other good using the same inputs
• D) Is a requirement of inefficiency in a production economy

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Definitions:

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