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. 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.