Input efficiency
A) Means that holding constant the total amount of each input used in the economy, there is no way to increase any firm's output without decreasing the output of another firm
B) Is a requirement of Pareto efficiency in a consumption economy
C) Exists when it is possible to produce more of one good and at least as much of every other good using the same inputs
D) Is a requirement of inefficiency in a production economy

Question

Quizplus · Accepted Answer

Input efficiency means that given the total amount of inputs, it is impossible to increase the output of one firm without reducing the output of another, aligning with the concept of Pareto efficiency in production.

Input Efficiency