A Firm Has Achieved Technological Efficiency Whenever It Has

question 332

Multiple Choice

A firm has achieved technological efficiency whenever it has

• A) fully depreciated all its assets.
• B) produced the given output using the fewest inputs.
• C) produced the given output at the lowest cost.
• D) all of the above.

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Definitions:

Private Placements

Private placements involve the sale of securities to a relatively small number of select investors as a way of raising capital, without the need to register with regulatory bodies.

Electronic Trading

The use of computer systems and technology to facilitate trading in financial markets without the need for physical trading floors.

General Partnership

A business partnership where all partners share unlimited personal liability for the business's debts and obligations.

Taxed

To impose a financial charge or levy upon an individual or entity by a governmental organization.