1 'The value of output per man in industry A is 5000. In industry B it is...

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1 'The value of output per man in industry A is 5000. In industry B it is 4000. Therefore industry A is more efficient than B.' Discuss. What can we say about relative efficiency if A and B are two firms in the same industry?

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Fundamentals Of Managerial Economics

ISBN: 9781349162253

1st Edition

Authors: Julian Gough, Stephen Hill

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Question Posted: Nov 13, 2024 08:00 AM

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Fundamentals Of Managerial Economics

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