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Home Q & A Board Other Fields Homework Help Business Economics
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Lorie_G Lorie_G
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3 years ago
A firm that engages in efficient production

▸ cannot produce the same output with fewer inputs.

▸ could produce the same output with fewer inputs if it wanted to.

▸ is not interested in profit maximization.

▸ uses old technology to minimize costs.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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mkilicmkilic
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3 years ago
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Lorie_G Author
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3 years ago
Good timing, thanks!
apelton
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
taydav
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2 hours ago
Brilliant ツ
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