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 can produce a given amount of output at the lowest cost per unit, as this indicates the technique is making the best use of resources to minimize production costs.

The Production Technique That Is Most Efficient Is the One