Question 4

Efficiency in production involves

  • A.reducing the size of 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
Objective

Question details

Exam body
UNN
Subject
Economics
Year
2005/2006 DAY 1
Question no.
#4
Type
Objective

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