--%>

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 : Law of demand is price in the law of

    is price in the law of demand an absolute or relative price

  • Q : Difference between planned and actual

    Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

  • Q : Problem on sellers utility function The

    The economy consists of a single buyer and a single seller. The buyer has the utility function b ln xB1 + xB2 with b ≤ 10. The seller has the

  • Q : Problem on Fair labor standards act Can

    Can someone please help me in finding out the accurate answer from the following question. The Fair Labor Standards Act initially: (1) Was performed in the year 1858. (2) Outlawed minimum salaries. (3) Established a low minimum salary in a limited number of divisions

  • Q : Perspective of Sociologists and

    Far more than economists and sociologists tend to emphasize human needs for power, status, and class. Research which supports the perspective of sociologists comprises findings that: (1) people whose incomes are the average of per capita world income

  • Q : Accepting prevailing market price by

    Unlike firms along with substantial market power, price takers: (w) control the prices of purchases or sales, but not their quality. (x) have no choice but to accept the prevailing market price. (y) adjust output and price to maximize profit. (z) are

  • Q : Question based on GDP In calculating

    In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories.

  • Q : Find out price at maximizes profit

    LoCalLoCarbo that is the favorite corporation of fad dieters maximizes profit at a price: (1) P1. (2) P2. (3) P3. (4) P4. (5) P5.

    Q : Multinational corporations Give the

    Give the answer of following question. Multinational corporations: A) mainly are headquartered in Switzerland. B) are so named because of their heavy export volume. C) are illegal under the U.S. antitrust laws. D) are so named because of their sizable foreign producti

  • Q : Price discriminate by unregulated

    Unregulated monopolistic firms which do not price discriminate do NOT: (i) have power as price makers. (ii) dominate the supply side of the market. (iii) select profit maximizing price/quantity combinations from the market demand curv