When a manager is using a technically efficient input combination, the firm is also producing in uneconomically

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“When a manager is using a technically efficient input combination, the firm is also producing in uneconomically efficient manner.” Evaluate this statement.

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Aug 26, 2013 07:48 AM

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When a manager is using a technically efficient input combination, the firm is also producing in uneconomically

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The statement is not true Technical efficiency is achieved when the ...View the full answer

Auditing An International Approach

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