A firm that is technologically efficient
A) must be economically efficient, but a firm that is economically efficient is not always technologically efficient.
B) must be economically efficient, and a firm that is economically efficient must always be technologically efficient.
C) is not always economically efficient, and a firm that is economically efficient is not always technologically efficient.
D) is not always economically efficient, but a firm that is economically efficient must always be technologically efficient.
Question 2
Frictional, structural and cyclical unemployment are three classifications of unemployment.
Indicate whether the statement is true or false
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Efficient Allocation of Labor between Sectors
Management Information Systems: Managing the Digital Firm, 15th Edition