Concept of technological efficiency permit

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Q1. A clinic uses doctors also nurses to serve the maximum number of patients given a limited annual payroll. The clinic currently has 10 doctors also 30 nurses. The last doctor hired can serve 300 additional patients, while the last nurse hired can serve 200 additional patients. If doctors make $60,000 a year also nurses make $20,000 a year, the clinic

Q2. Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate?

Reference no: EM139532

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