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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