Emma owns a firm that produces umbrellas. Currently, Emma produces 2,500 umbrellas a day. Emma cannot produce more umbrellas in a day unless she purchases another machine or else hires more workers. Emma is ________ efficient.
A) cost
B) technologically
C) economically
D) capital and labor

Question

Quizplus · Accepted Answer

Emma is technologically efficient because she is producing the maximum number of umbrellas possible with her current resources and technology.

Emma Owns a Firm That Produces Umbrellas