When there are _____ inputs required to produce a given output, the efficiency is _____ and the cost of outputs is _____.
A)more; higher; lower
B)fewer; higher; lower
C)more; lower, lower
D)fewer; lower; higher
E)fewer; lower; lower

Question

Quizplus · Accepted Answer

The fewer the inputs required to produce a given output, the higher is efficiency and the lower the cost of outputs.

When There Are _____ Inputs Required to Produce a Given