Any economically efficient production process

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Reference no: EM13837759

Which of the following statements is true?

a-Any economically efficient production process is always technically efficient.

b-Any technically efficient production process is always economically efficient.

c-A production process must always be both economically efficient and technically efficient.

d-A production process is either economically efficient or technically efficient but never both.

Reference no: EM13837759

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