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If a Firm Chooses to Produce 100 Units of Output

Question 329

Multiple Choice

If a firm chooses to produce 100 units of output for $150 with 10 units of labor and 12 units of capital, when they could produce the same 100 units for $120 with 10 units of labor and 8 units of capital, the firm is technologically ________ and economically ________.


A) efficient; inefficient
B) inefficient; efficient
C) efficient; efficient.
D) inefficient; inefficient

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