Business
Business, 19.04.2020 18:43, sanaia561

A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K, L). A production plan that uses K' = L' = 10 to produce Q' units of corn where

Q' < F(10, 10) is said to be

A) technically feasible and efficient.

B) technically unfeasible and efficient.

C) technically feasible and inefficient.

D) technically unfeasible and inefficient.

E) none of the above

WHY??

answer
Answers: 1

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A farmer uses L units of labor and K units of capital to produce Q units of corn using a production...

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