Which of the Following Is Correct

question 88

Multiple Choice

Which of the following is correct?

• A) If a firm is technologically efficient, it is always economically efficient.
• B) If a firm is technologically efficient, it is always producing at the lowest costs of production.
• C) If a firm is economically efficient, it is always technologically efficient.
• D) None of the above answers is correct.

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Definitions:

Selective Comprehension

The process by which an individual understands and interprets information based on their own experiences, beliefs, or biases.

Selective Retention

The process by which individuals remember information that is consistent with their beliefs and forget information that is not.

Attitudes and Beliefs

The feelings and convictions that influence how individuals perceive and react to their environment and make decisions.

Stimulus Discrimination

The process by which individuals or organisms learn to respond differently to various stimuli that are not identical.