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To the economist, efficiency of resource use means

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
Correct Answer: Option E
Explanation