Which of the following would lower costs? Question 2 options: Higher cost inputs Using more input per unit of output An increase in efficiency None of the above

The difference between the cost of inputs and the value or price of outputs. ( disregard the dash; use space instead )

Producing output at the lowest possible total cost per unit of production is:Multiple choice question.cost efficiency.marginal efficiency.productive efficiency.allocative efficiency.

The extra or additional cost associated with the production of an additional unit of output is the cost.

Which is the ratio of output work to input work?Multiple choice question.energyforceefficiencywork

The extra or additional cost of producing one more unit of output is called __