To the economist, efficiency of resource use means

Economics

WAEC 1998

To the economist, efficiency of resource use means

A. the maximum use of resource to achieve minimum objectives
B. the reduction of cost for adequate output
C. realting value of input to that of output
D. using appropriate resources for desired wants
E. maximizing output from a given amount of resource

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Correct Answer: Option E

Explanation

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To the economist, efficiency of resource use means

Correct Answer: Option E

Explanation

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