Econ

The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month. Technique A B C D Labour 25 35 50 30 Capital 50 35 25 60 TABLE 8-1 Refer to Table 8-1. Which production technique is obviously technically inefficient (that is, would never be used no matter what the prices of labour and capital are)? OD OA all four techniques are inefficient. OB Oc Next Page Page 4 of 10