Answer the question on the basis of 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

Question

Answer the question on the basis of 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

Quizplus · Accepted Answer

The Answer of Answer the question on the basis of 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

Answer the Question on the Basis of the Following Information