Assertion: maximum output | /r/HasProperty | obtained
Facets:
value: from given inputs
type: OTHER
Source sentences:
text: Assuming that maximum output is obtained from given inputs allows economists to abstract away from technological and managerial problems associated with realizing such a technical maximum, and to focus exclusively on the problem of allocative efficiency, associated with the economic choice of how much of a factor input to use, or the degree to which one factor may be substituted for another.