The production technique that is most eﬃcient is the one that produces a given amount of output
A) using the least amount of labor resources.
B) at the highest price per unit.
C) at the lowest cost per unit.
D) that yields the highest revenues.

Question

Quizplus · Accepted Answer

The most efficient production technique is the one that produces a given amount of output at the lowest cost per unit. This means that the resources used to produce the output have been optimized, resulting in the lowest possible cost per unit. This allows for higher profit margins and competitive pricing in the market.

The Production Technique That Is Most Eﬃcient Is the One