Which of the following is true?
A) Economic efficiency occurs if the maximum feasible amount of output is achieved from a given quantity of inputs.
B) Economic efficiency depends only on what is feasible.
C) If production is technologically efficient then it must be economically efficient.
D) None of the above statements are correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true?
A) Economic efficiency occurs if the maximum feasible amount of output is achieved from a given quantity of inputs.
B) Economic efficiency depends only on what is feasible.
C) If production is technologically efficient then it must be economically efficient.
D) None of the above statements are correct.

Which of the Following Is True