Efficiency refers to ________.
A)the relationship between inputs and outputs
B)the additive relationship between inputs and outputs
C)the inverse relationship between inputs and outputs
D)decreasing inputs only

Question

Quizplus · Accepted Answer

Efficiency refers to the relationship between inputs and outputs. It is a measure of how well resources (inputs) are utilized to produce goods or services (outputs). In other words, it measures how much output can be produced for a given input.

Efficiency Refers to ________