The choice of the most eﬃcient production technique is not affected by how much buyers want to buy
the product.

Name: The choice of the most eﬃcient production technique is not affected by how much buyers want to buy the product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The choice of production technique is based on factors such as cost, availability of resources, and technological capability. It is not affected by demand. However, the amount of demand can influence the quantity produced using the chosen technique.

The Choice of the Most Eﬃcient Production Technique Is Not