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A Farmer Uses L Units of Labor and K Units

Question 2

Multiple Choice

A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K,L) . A production plan that uses A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K,L) . A production plan that uses to produce Q' units of corn where is said to be: A) technically feasible and efficient. B) technically unfeasible and efficient. C) technically feasible and inefficient. D) technically unfeasible and inefficient. E) none of the above to produce Q' units of corn where A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K,L) . A production plan that uses to produce Q' units of corn where is said to be: A) technically feasible and efficient. B) technically unfeasible and efficient. C) technically feasible and inefficient. D) technically unfeasible and inefficient. E) none of the above is said to be:


A) technically feasible and efficient.
B) technically unfeasible and efficient.
C) technically feasible and inefficient.
D) technically unfeasible and inefficient.
E) none of the above

Correct Answer:

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