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Listed below are several possible combinations for producing 10,000 units of a product: Unit input prices Input combinations: ABCD Materials $16 per lb. Labor

Listed below are several possible combinations for producing 10,000 units of a product: Unit input prices Input combinations: ABCD Materials $16 per lb. Labor $20 per hr. Power $4 per kwh 190 lbs. 380 hrs. 1,520 kwh 180 lbs. 360 hrs. 1,440 kwh 200 lbs. 400 hrs. 1,000 kwh 220 lbs. 440 hrs. 1,100 kwh Required: a. Identify the technically efficient input combinations. Explain your choices. b. Which of the technically efficient input combinations should be used? Explain.

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