Which of the following is true?
A. Technological efficiency depends on the relative cost of the resources used in production.
B. If production is technologically efficient then it must be economically efficient.
C. Technological efficiency occurs if the maximum feasible amount of output is achieved from a given quantity of inputs.
D. All of the above answers are correct.

Question

18-06-2024
Business

Answered

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Which of the following is true?
A. Technological efficiency depends on the relative cost of the resources used in production.
B. If production is technologically efficient then it must be economically efficient.
C. Technological efficiency occurs if the maximum feasible amount of output is achieved from a given quantity of inputs.
D. All of the above answers are correct.

Sagot :

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