Question 0

Efficiency in production means?

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

Question details

Exam body
JAMB
Subject
Economics
Year
2020
Question no.
#0
Type
Objective

More from this paper

See all Economics 2020 questions