Total productive efficiency can be defined

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Total productive efficiency can be defined as: a. The difference between the total profit change and the profit-linked productivity change. b. The point at which, for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary. c. Producing outputs efficiently, using the least quantity of inputs possible. d. The point at which technical efficiency and allocative efficiency are achieved.

Reference no: EM131059181

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