Answer the Question Using the Following Data,which Show All Available

question 96

Multiple Choice

Answer the question using the following data,which show all available techniques for producing 20 units of a particular commodity: $\begin{array}{c}\quad\quad\quad\quad\quad\quad\quad\text {Resource}\quad\quad\quad\quad\quad\text { Possible Production Techniques }\\\begin{array}{lll}\\\underline{\text {Resource}}\\ \text {Land}\\ \text {Labor}\\ \text {Capital}\\ \text {Entrepreneurial Ability}\end{array}\begin{array}{c}\\\underline{\text {Prices}}\\\$ 4\\3\\3\\2\end{array}\begin{array}{c}\\\quad\quad\quad\quad\quad\quad\quad\quad\quad\underline{\# 1} \\ \quad\quad\quad\quad\quad\quad\quad\quad\quad2 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad1 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad5 \\\quad\quad\quad\quad\quad\quad\quad\quad\quad3\end{array}\begin{array}{c}\\\underline{\# 2 }\\ 4 \\2 \\2 \\1\end{array}\begin{array}{c}\\\underline{\#3 }\\ 2 \\4 \\3 \\1\end{array}\begin{array}{c}\\\underline{\# 4 }\\ 4 \\1 \\1 \\4\end{array}\begin{array}{c}\\\underline{\# 5 }\\ 4 \\3 \\2 \\1\end{array}\end{array}$
Refer to the data.If a new production technique is developed that enables a firm to produce 20 units of output with 3 units of land,3 of labor,1 of capital,and 2 of entrepreneurial ability,this technique would:

• A) not be adopted because,although it reduces production costs,it does not increase profit.
• B) be adopted because it would lower production costs and increase economic profit.
• C) not be adopted because it entails higher production costs than other available techniques.
• D) be adopted,even though economic profits would be reduced slightly.

---

Definitions:

Body Language

Non-verbal communication through physical behaviors, such as gestures, facial expressions, and posture, which can express emotions and intentions.

Eye Contact

The act of looking directly into another person's eyes, which is a crucial aspect of non-verbal communication that can convey confidence, interest, and emotional state.

Unconditional Positive Regard

A term in psychology that refers to offering acceptance and support to someone without imposing conditions or judgment.

Rapport

A positive relationship marked by mutual understanding and emotional affinity between individuals.