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Question 0

Efficiency in production involves?

  • A.reducing the size of the workforce
  • B.producing a given output with the lowest cost combination of factors of production
  • C.adoption of capital-intensive technology
  • D.increasing the quantity of the fixed factor of production
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1989
Question no.
#0
Type
Objective
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