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Firm a Can Produce a Unit of Output with 10

question 44

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Firm A can produce a unit of output with 10 hours of labour and 5 units of capital. Firm B can produce a unit of output with 5 hours of labour and 10 units of capital. Firm C can produce a unit of output with 10 hours of labour and 10 units of capital. If the prices of labour and material are $10 and $5, respectively which firm is technologically efficient?


Definitions:

Utricle

A part of the inner ear's vestibular system, responsible for detecting linear accelerations and head position changes.

Vestibule

An entryway or small room between the outer door and the interior of a building, or an anatomical space within the body, especially within the ear or nose.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, crucial for hearing and balance.

External Auditory Meatus

The external auditory meatus is the ear canal, a tube running from the outer ear to the middle ear, allowing sound to enter the ear for hearing.

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