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IgorC [24]
3 years ago
5

If a firm chooses to produce 100 units of output for $150 with 10 units of labor and 12 units of capital, when they could produc

e the same 100 units for $120 with 10 units of labor and 8 units of capital, the firm is technologically ____________ and economically ______________.
A) inefficient; inefficientB) efficient; inefficientC) inefficient; efficientD) efficient; efficient.
Social Studies
1 answer:
son4ous [18]3 years ago
4 0

Answer:

The correct answer is A)The firm is technologically inefficient and also economically inefficient

Explanation:

It is technologically inefficient because it is using 12 units of capital to produce 100 units of output, when it could only use 8 units of capital to produce the same output. In other words, it is using more capital than it has to, and that is a sign of technological inefficiency.

It is also economically inefficient because it is pouring more money ($150) to produce output, than it has to ($120).

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4 years ago
Which individual below advocated that Democracy would give way to Socialism and Capitalism would change into Communism?
natita [175]

Answer:

Karl Marx

Explanation:

Karl Marx advocated that Democracy would give way to Socialism and that Capitalism would change into Communism.

Karl Marx was a German philosopher and revolutionary socialist who published The Communist Manifesto and Das Kapital that form the basis of Marxism.

3 0
3 years ago
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What is a cotton broker? How did he make money
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Answer:

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In the Pre-Civil War South, most cotton planters relied on cotton factors (also known as cotton brokers) to sell their crops for them.

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3 years ago
Sanders and clinton clash over policies and judgmentT/F
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4 years ago
Why is it better to be married to a successful broadway producer?
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Who is a Broadway Producer?

Broadway is an important street that runs through New York City's Theater District and a Broadway Producer is commonly a person who either works in a theater as a producer or he is the owner of it. These Broadways commonly produce plays and music.

Benefits of marrying a Broadway producer:

1. Producers have good relations with celebrities and they can invite them to any function of his own. This invitation can directly introduce the spouse of producer to the celebrities too.

2. Producers are likely given the opportunities to travel throughout the globe with their families.

3. These producers earn a lot of money if their play or music gets hit and people like it and this money comes in the hands of the spouse.

4. Fame and importance:

Although producers dont get such fame and importance as the actors do, yet every play and music has its name connected with the producer. if the producer gets fame obviously it benefits his family.


5 0
3 years ago
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