If the least-cost input combination doesn't include all inputs,it's called:
A) a boundary solution.
B) an incomplete solution.
C) an interior solution.
D) an efficient solution.

Question

Quizplus · Accepted Answer

A boundary solution occurs when the least-cost combination of inputs for producing a given output does not utilize all available inputs, meaning some inputs are used to their limits while others may not be used at all. This contrasts with an interior solution, where all inputs are used in some proportion.

If the Least-Cost Input Combination Doesn't Include All Inputs,it's Called