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Which One of the Following Statements Is True

Question 48

Multiple Choice

Which one of the following statements is true?


A) All technologically efficient methods are also economically efficient.
B) All economically efficient methods are also technologically efficient.
C) Technological efficiency changes with changes in relative input prices.
D) Technologically efficient firms will be more likely to survive than economically efficient firms.
E) Technological efficiency is more important than economical efficiency.

Correct Answer:

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