data in Table 7.2, which shows various methods of producing a given volume of output, to answer the questions below. The prices of capital and labour are $5 and $10 respectively. Table 7.2 Methods of Producing a Given Level of Output I Method Capital Labour Output A 5 12 100 B 8 15 100 C 7 10 100 23) Refer to Table 7.2. Which of the following is correct? A) Method A is technically most efficient because it uses more capital than either A or C B) Method C is technically most efficient because it uses the least amount of labour C) Method B is technically inefficient because it uses more labour and more capital than either A or C D) Method A is technically most efficient because it uses less capital than either B or C 24) Refer to Table 7.2. A rational decision-maker would: A) eliminate A because it is inefficient B) eliminate B because it is inefficient C) eliminate C because it is inefficient D) eliminate A and C because they are both inefficient 25) Refer to Table 7.2. At current input prices: I A) method A is economically most efficient B) method B