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.
Minimum wage legislation will result in ...
Which of the following determines the size of a country's population? I. Birth rate II. Death ...
The supply of mangoes is represented as P=0.3Q, where P is the price ($) and Q is the quantity....
The problem of conducting census include ...
Derived demand is normally used with reference to ...
If total income is N15m and total consumption is N3m, then the average propensity to consume is ...
The lowering of the exchange rate between country's currency and other currencies is known as ...
Which of the following can cause oil glut in the International market? ...
Which of the following is not a benefit derived by Nigeria from the petroleum industry? ...