The Point at Which for Any Mix of Inputs That

question 69

Multiple Choice

The point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is called:

• A)Input trade-off efficiency
• B)Technical efficiency
• C)Total productive efficiency
• D)Productivity

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Definitions:

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A condition that impairs the normal functioning of an organism, often characterized by specific symptoms and signs.

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The primary good or service sent from one country to another for sale or trade, often a significant part of a nation's economy.