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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #712353
Introduction to Economics 1 Deneme Sınavı Sorusu #712353
Production technique A allows a firm to produce more goods than technique B without increasing the amount of inputs and energy used, what term is used to describe technique A in this situation?
Efficiency |
Equity |
Availability |
Frontier |
Edge |
Yanıt Açıklaması:
If production technique A allows for production of more goods than technique B without increasing the amount of inputs and energy used, for example, technique A is said to be more efficient than technique B. For this reason the correct answer is “A”.
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