A production method must be efficient to be a least-cost method of producing Q units of output,

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"A production method must be efficient to be a least-cost method of producing Q units of output, but an efficient method need not be a least-cost method." True or false? Why?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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