Regarding the efficient frontier for an industry

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Reference no: EM131081057

Regarding the efficient frontier for an industry, which of the following statement(s) are true?

A. Industries off the efficient frontier use more resources per unit of production than those on the efficient frontier.

B. There is one best point for any business on the efficient frontier

C. A goal of operations is to move an organization to the efficient frontier

D. The efficient frontier for an industry is usually static for many years, changing only slowly.

Reference no: EM131081057

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