--%>

Most efficient production technique of given problem

Refer to the given data give the answer of following question. In view of the indicated resource prices, the economically most efficient production technique(s) is (are) technique(s): A) #1. B) #2 and #4. C) #3. D) #1 and #3.

478_91.png

Help me to get through this problem

   Related Questions in Microeconomics

  • Q : Negative income tax programs Negative

    Negative income tax programs attack poverty through: (w) levying heavy taxes on the poor to encourage them to work more. (x) providing transfers in kind to low income households. (y) providing cash subsidies to guarantee a minimum income to low income

  • Q : Profit-maximizing to make economic

    This profit-maximizing brickyard of below illustrated figure on the average is, about: (i) making an economic profit of $8 per thousand bricks. (ii) incurring variable costs of $90 per thousand bricks. (iii) suffering an accounting loss of $2 per thou

  • Q : Competitive pressures produce by

    Economic losses produce competitive pressures which decrease the industries: (w) output and number of firms. (x) prices and profits. (y) percentage mark-ups over costs. (z) long term labor turnover. I need a good a

  • Q : Marginal Benefits The marginal

    The marginal advantage/profit to you of a usual activity in which you engage tends to: (i) Raise as long as you enjoy the activity. (ii) Eventually reduce as you do more of activity. (iii) Stabilize when the market price of doing the activity stay constant. (iv) Impro

  • Q : Common type of competition in

    The most common type of competition among firms in monopolistic competition is: (1) price competition. (2) product differentiation. (3) collusion. (4) predatory pricing. (5) cutthroat competition. I need a good ans

  • Q : Emerging by price discrimination

    Oligopolies are least expected to emerge due to: (1) economies of scale. (2) price discrimination. (3) strategic barriers to entry. (4) mergers. (5) legal barriers to entry. Can anybody suggest me the proper explan

  • Q : Minimum-wage Select the right ans wer

    Select the right ans wer of the question. Critics of minimum-wage legislation argue that it: A) keeps inefficient producers in business. B) reduces employment.C) undermines incentives to work. D) is deflationary.

  • Q : Pure competitors or perfect competitors

    The price makers in a purely competitive market are: (i) pure competitors or perfect competitors. (ii) producers of capital goods. (iii) pure oligopolies. (iv) monopolistic competitors.  (v) pure monopolies. H

  • Q : Potential advantage of Proprietorships

    Beth and Anna each own a florist shop. After many years of rivalry, they make a decision to team up and make a partnership. The potential advantage of such a union would be that: (1) They can divide up duties and become more proficient. (2) Their partnership profits n

  • Q : Greatest total revenue at price In the

    In the demonstrated figure, total revenue is greatest for cheesy fried grits of Pixie at a price of as: (w) P1. (x) P2. (y) P3. (z) P4.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1422077 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1942169
    Asked

    3,689

    Active Tutors

    1422077

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.