Techniques for Making 100 Automobiles

question 192

Multiple Choice

Techniques for making 100 automobiles

-The table above shows three production methods to produce 100 automobiles per day. If the price of labor is $20 per unit and the price of capital is $100 per unit, which of the three methods is economically efficient?

• A) Method A only
• B) Method B only
• C) Method C only
• D) All three methods are economically efficient.

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Definitions:

Superior

An anatomical term indicating a location above or higher relative to another part of the body or structure.

Inferior

A term used in anatomy to describe a position lower in the body or closer to the feet compared to another structure in the standard anatomical position.

Lateral

Positioned on the side or pertaining to the side of a structure or body part.