Efficiency in production involves?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Reducing the size of the workforce
- B Producing a given output with the lowest cost combination of factors of production
- C Adoption of capital-intensive technology
- D Increasing the quantity of the fixed factor of production
Correct Answer: Option B
Explanation:
Share question on: