=+Could both methods be technically efficient?

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Economics

ISBN: 9780071214476

5th Edition

Authors: David Colander

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Question Posted: Oct 14, 2024 03:01 AM

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=+Could both methods be technically efficient?
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=+11. One farmer can grow 1,000 bushels of com on 1 acre of land with 200 hours of labor and 20 pounds of seed. Another farmer can grow 1,000 bushels of com on 1 acre of land with 100 hours of labor...
=+ Is it pos sible that both of these production processes are economically efficient?
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=+Could both methods be technically efficient?

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Economics

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