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) minimizes 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 combination that minimizes the cost per unit of output. This means that resources are used in the most cost-effective manner, resulting in the least amount of waste or unnecessary expense.

The Most Eﬃcient Combination of Resources in Producing a Given