B. the processes a firm uses to turn inputs into outputs of goods and services.
C. the highest-valued alternative that must be given up to engage in an activity.
D. the additional output a firm produces as a result of hiring one more input.
E. a change in the ability of the firm to produce a given level of output with a given quantity of inputs.
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Home » Business » What is technology? Technology is A. the rate of economic depreciation. B. the processes a firm uses to turn inputs into outputs of goods and services. C. the highest-valued alternative that must be given up to engage in an activity. D.