Techniques for Making 100 Automobiles

Multiple Choice

Techniques for making 100 automobiles

-The table above shows three production methods to produce 100 automobiles per day. If the price of labor is $20 per unit and the price of capital is $100 per unit, which of the three methods is economically efficient?

A) Method A only
B) Method B only
C) Method C only
D) All three methods are economically efficient.