27 In order to manufacture 3,000 pairs of shoes in a week, a firm can use 3,000 workers and 100 machines or 200 machines and 4,000 workers Which method is considered more technically efficient?
a 4,000 workers and 200 machines
b Both are equally efficient
c 3,000 workers and 100 machines
d Neither could be considered efficient
33
A manufacturing business can use 100 workers and 20 machines, 140 workers and 18 machines, or 150 workers and 18 machines to produce 80 chairs If each worker costs $40 and each machine is rented for $1000, the economically efficient input combination is:
a 100 workers and 20 machines
b 150 workers and 18 machines
c none of these input combinations
d 140 workers and 18 machines
Needs help with similar assignment?
We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper
Order Over WhatsApp
Place an Order Online