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Oliga [24]
3 years ago
9

The key distinction between technological efficiency and economic efficiency is that technological efficiency​ _______ and econo

mic efficiency​ _______. A. uses the newest available methods of​ production; uses the cheapest method of production B. concerns the quantity of inputs used in production for a given level of​ output; concerns the value of the inputs used C. occurs in larger firms that invest in research and​ development; occurs in firms that have a smaller scale of production D. occurs when the firm produces a given output at the least​ cost; occurs when the firm produces a given output by using the least amount of inputs.
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

The correct answer is option B.

Explanation:

The main difference between technological efficiency and economic efficiency is that technological efficiency is concerned with the quantity of outputs used while economic efficiency is concerned with the value of inputs used.

Technological efficiency implies that a firm is producing a level of input using the least possible quantity of inputs. Economic efficiency occurs when a firm is able to produce a level of output at the least possible cost.

Technological efficiency does not require economic efficiency but economic efficiency require technological efficiency.

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pishuonlain [190]

Answer:

the  cash outflow for expenses is $106,000

Explanation:

The computation of the cash outflow for expenses is shown below:

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add; expenses $125,000

less; ending balance -$65,000

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Hence, the  cash outflow for expenses is $106,000

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3 years ago
Best Construction, Inc., and General Real Estate Corporation form a joint venture. A joint venture is usually formed for
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Answer:

for mutual benefits

Explanation:

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3 years ago
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Answer:

$455,000

Explanation:

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Materials used up in testing = $3,000

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=  $420,000 + $15,000 + $8,000 + $3,000 + $6,000 + $3,000

= $455,000

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Answer:

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Explanation:

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