Four methods of completing a tax return and the time taken by each method are:A PC, one hourB Pocket calculator, 12 hoursC Pocket calculator and paper and penol, 12 hoursD Pencil and paper, 16 hoursThe PC and its software cost $1,000, the pocket calculator costs $10, and the penol and paper cost $1Which of the methods is technologically efficient?OA. Only metod D is technologically efficient.OB. Methods A, B, and D are technologically efficient.OC. Only method A is technologically efficient.Oo. Methods A and C are technologically efficient

Technological Efficiency:It measures the effectiveness of a method or technology in accomplishing a…

Four methods of completing a tax retum and the time taken by each method are A PC, one hour B Pocket calculator, 12 hours C Pocket calculator and paper and penol, 12 hours D Pencil and paper, 16 hours The PC and its software cost $1,000, the pocket calculator costs $10, and the pencil and paper cost $1. Which of the methods is technologically efficient? OA. Only metod D is technologically efficient OB. Methods A, B, and D are technologically efficient. OG. Only method A is technologically efficient. OD. Methods A and Care technologically efficient

Four methods of completing a tax retum and the time taken by each method are A PC, one hour B Pocket calculator, 12 hours C Pocket calculator and paper and penol, 12 hours D Pencil and paper, 16 hours The PC and its software cost $1,000, the pocket calculator costs $10, and the pencil and paper cost $1. Which of the methods is technologically efficient? OA. Only metod D is technologically efficient OB. Methods A, B, and D are technologically efficient. OG. Only method A is technologically efficient. OD. Methods A and Care technologically efficient

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 7SCQ: Suppose the cost of machines increases to 55, while the cost of labor stays at 40. How would that...

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