Economic perspective is: A. The means of production of the maximum output for the least amount...
Economic perspective is:
A. The means of production of the maximum output for the least amount of input
B. The point by which revenue surpasses cost
C. The system under which the workers own the means of production
D. All of these
Homework Answers
Answer - (A) The means of production of the maximum output for the least amount of input
Explanation - Economic perspective is also called as Economic efficiency.which is the means of the production of maximum output for the least amount of input.Economic efficiency is a situation.when nothing can be improved without something can be hurt.
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Economic perspective is:
A. The means of production of the maximum output for the least
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e total cost 19. For a certain firm, the 10th unit of output marginal cost of Sto. It follows that the production...
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