[All Steps] Four ways of making 10 surfboards a day are Which methods are technologically efficient? which method is economical y efficient if the hourly
Question: Four ways of making 10 surfboards a day are
- Which methods are technologically efficient?
- which method is economical y efficient if the hourly wage rate and implicit rental rate of capital are: (i) Wage rate $1, rental rate $100? (ii) wage rate $5, rental rate $50? (iii) 'wage rate $50, rental rate $5?
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