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Answer the Question Based on the Following Information: Suppose 30

Question 192

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Answer the question based on the following information: Suppose 30 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3, respectively. Answer the question based on the following information: Suppose 30 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3, respectively. Which technique is economically most efficient in producing A? A) I B) II C) III D) IV Which technique is economically most efficient in producing A?


A) I
B) II
C) III
D) IV

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