To be an efficient producer, a business firm must determine three things: what kinds of inputs to use, where to obtain those inputs and where to obtain its technology.

Name: To be an efficient producer, a business firm must determine three things: what kinds of inputs to use, where to obtain those inputs and where to obtain its technology.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To produce efficiently, a firm must determine these three things: what inputs to use, where to obtain them, and what technology to use.

To Be an Efficient Producer, a Business Firm Must Determine