Labor costs $20 per worker and capital costs $100 per unit. Then, according to the above table, which of the following options for pizza production is technologically efficient?
A) Option 1
B) Option 2
C) Option 4
D) All of the above listed options are technologically efficient.
D
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A benefit that accrues to people other than the buyer of a good is known as ________ benefit
A) an internal B) an external C) a marginal D) a total E) a subsidized
The success of the SMarT program has proven that changing the way we present options can:
A. affect people's behavior. B. help people overcome mental biases. C. avoid regret. D. All of these statements are true.
A wage profile rises because
A) employees become more productive over time. B) employees become less productive over time. C) managers are better able to monitor employees. D) increases in the minimum wages push up other wages.
Natural resources, such as crude oil and fish, are often sold in ________markets.
A. local B. labor C. global D. national