A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enough. B. A technologically inefficient method is never economically efficient. C. A firm that uses more labor and less capital than another firm cannot be technologically efficient. D. The technologically efficient method is the one that uses a smaller amount of the more expensive resource and a larger amount of the less expensive resource.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enough. B. A ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enough. B. A technologically inefficient method is never economically efficient. C.