784EconomicsMedium
A production is technique is technically efficient if?
Ainputs are minimized
Bthere is no way to make a given output using less of one input and no more of the other inputs
CCosts are minimized
Doutput is maximized
Correct answer
B. there is no way to make a given output using less of one input and no more of the other inputs
Explanation
The correct answer is there is no way to make a given output using less of one input and no more of the other inputs.