The best combination of inputs at one level of production may not be best at other levels.

Name: The best combination of inputs at one level of production may not be best at other levels.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement reflects the principle of diminishing returns, where the effectiveness of inputs varies with the scale of production. What works best at one level may not be optimal as production levels change, due to factors like increased costs, inefficiencies, or resource constraints.

The Best Combination of Inputs at One Level of Production