1.2) You are given the following different technologies for producing 100 metres of cloth. (SEE ATTACHED PICTURE) Select one or more: a. Technology C dominates technology A. b. Technology D is more labour-intensive than technology C. c. Technology A is the cost-minimising technology at all prices of coal and wages. d. Technology C can sometimes be a cheaper technology than A.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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1.2)

You are given the following different technologies for producing 100 metres of cloth.

(SEE ATTACHED PICTURE)

Select one or more:
a. Technology C dominates technology A.
b. Technology D is more labour-intensive than technology C.
c. Technology A is the cost-minimising technology at all prices of coal and wages.
d. Technology C can sometimes be a cheaper technology than A.
 
 
 
Please state only which awnsers are correct please.Thank you and Happy New Year
10
9.
7
6.
B
E
1 2 3 4 5 6 7 8 9 10
Number of workers
2.
1.
Tonnes of coal
Transcribed Image Text:10 9. 7 6. B E 1 2 3 4 5 6 7 8 9 10 Number of workers 2. 1. Tonnes of coal
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