We have achieved production efficiency if we can produce more of one good without producing less of some other good.

Name: We have achieved production efficiency if we can produce more of one good without producing less of some other good.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Production efficiency is achieved when it is impossible to produce more of one good without producing less of another, indicating that resources are being used in the most efficient way possible.

We Have Achieved Production Efficiency If We Can Produce More