To the economist, efficiency of resource use
To the economist, efficiency of resource use means
The maximum use of resource to achieve minimum objectives
The reduction of cost for adequate output
Relating value of input to that of output
Using appropriate resources for desired wants
Maximizing output from a given amount of resource
Correct answer is E
No explanation has been provided for this answer.
In order to increase revenue, government should tax commodities for which demand is ...
Which of the following is not a member of OPEC? ...
In the event of bankruptcy, owners of joint-stock companies lose ...
One of the gains by member states of the Economic Community of West Africa is ...
A normal supply curve has a positive slope which indicates that ...
The main differences between money market and capital market is that money markets ...
A list of consumer's wants arranged in order of priorities is known as ...
Which of the following statements is correct? ...
Money will serve as a standard of deferred payment if it is ...