Which of the FF. statements is correct. A. Even if a company has adopted the best technology possible, it will not be able to meet the target of minimizing the costs of production nor meet the target output if the workers inside the company do not value team work and the workers envy each other. B. the output produced by the company is limited by the available technology C. new technologies will be adopted in place of the old technologies if the new technologies can produce the output at a lower cost D. all are correct E. none is correct
Which of the FF. statements is correct. A. Even if a company has adopted the best technology possible, it will not be able to meet the target of minimizing the costs of production nor meet the target output if the workers inside the company do not value team work and the workers envy each other. B. the output produced by the company is limited by the available technology C. new technologies will be adopted in place of the old technologies if the new technologies can produce the output at a lower cost D. all are correct E. none is correct
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 10CQ
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Which of the FF. statements is correct.
A. Even if a company has adopted the best technology possible, it will not be able to meet the target of minimizing the costs of production nor meet the target output if the workers inside the company do not value team work and the workers envy each other.
B. the output produced by the company is limited by the available technology
C. new technologies will be adopted in place of the old technologies if the new technologies can produce the output at a lower cost
D. all are correct
E. none is correct
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