A firm engaging in efficient production, using current technology, ________ produce its current level of production with ________ inputs.
A)could; fewer
B)cannot; fewer
C)cannot, more
D)cannot; different

Question

Quizplus · Accepted Answer

Efficient production implies that the firm is already using the least amount of inputs possible to produce its current level of output, given the current technology. Therefore, it cannot produce its current level of production with fewer inputs without sacrificing efficiency or output.

A Firm Engaging in Efficient Production, Using Current Technology, ________