What is the term for the point at which,for any mix of inputs that will produce a given output,no more of any one input is used than is absolutely necessary?
A)input trade-off efficiency
B)productivity
C)total productive efficiency
D)technical efficiency

Question

Quizplus · Accepted Answer

The term for the point at which, for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is known as technical efficiency. It means that the production process is using the minimum resources required to produce the desired output without any wastage.

What Is the Term for the Point at Which,for Any