Unattainable level of production refers to a level of production that is not possible to reach due to various factors such as limited resources, lack of technology, and/or limited knowledge.
<u>Unattainable level of production</u> – This occurs when it is impossible to physically produce a quantity of output that is greater than the maximum that can be produced with the available inputs.
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<u>Efficient use of inputs in production</u> – This occurs when the inputs used in production are used in the most efficient manner possible so that the most output can be produced with the least amount of inputs.
<u>Attainable but Inefficient use of inputs in production</u> – This occurs when a level of output can be produced using the available inputs, but the inputs are not used in the most efficient manner and more output could be produced with fewer inputs.
What do you mean by Production?
Production is the process of creating goods and services to be sold or used. It is a key component of a successful business, as it helps to create products that customers want and need. Production involves the use of resources such as labor, materials, equipment, and technology to create products and services. Businesses may use a variety of production methods to create their products, including automation, manual labor, and outsourcing.
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