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Author Question: Technological efficiency occurs when the firm produces a given output A) by using the least ... (Read 147 times)

kshipps

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on: Jun 29, 2018
Technological efficiency occurs when the firm produces a given output
 
  A) by using the least amount of inputs.
  B) by using the maximum amount of inputs.
  C) at the least cost.
  D) at the greatest cost.

Question 2

All economic activity in the underground economy represents the production of illegal goods and services.
 
  Indicate whether the statement is true or false


nanny

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


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