Question: ( a ) Select an appropriate economic criterion and estimate the production rate based upon it . ( b ) Joy's boss told Joy: I

(

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Select an appropriate economic criterion and estimate the production rate based upon it

.

(

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Joy's boss told Joy: "I want you to maximize output with minimum input." Joy wonders if it is possible to meet her boss's criterion. What would you tell her?

(a) Select an appropriate economic criterion and estimate the production rate

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