Multiple Choice
The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month.
-Refer to Table 8- 1. Which production technique is obviously technically inefficient?
A) A
B) B
C) C
D) D
E) all four techniques are inefficient.
Correct Answer:

Verified
Correct Answer:
Verified
Q92: The following table shows the marginal
Q93: Productivity is defined as<br>A) the cost of
Q94: The slope of a firm's isocost line
Q95: The creation of a new product is
Q96: Assume a firm is using 10 units
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 8- 4
Q99: Consider a firm that uses only labour
Q100: The figure below shows a family of
Q101: The figure below shows the isocost lines
Q102: Consider a firm that uses only labour