The most efficient combination of resources in producing a given output is the combination that:
A) comes closest to using the same quantities of land,labor,capital,and entrepreneurial ability.
B) minimize the cost per unit of output.
C) uses the smallest total quantity of all resources.
D) conserves most on the use of labor.

Question

Quizplus · Accepted Answer

The most efficient combination of resources in producing a given output is the one that minimizes the cost per unit of output. This means that the combination of resources should be optimized to make the production process as cost-effective as possible, without sacrificing quality or quantity. Choosing a combination that minimizes cost per unit of output ensures that resources are being used in the most efficient way possible.

The Most Efficient Combination of Resources in Producing a Given