A farmer uses L units of labor and K units of capital to produce Q uni

A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K,L). A production plan that uses K’ = L’ = 10 to produce Q’ units of corn where Q’ < F(10, 10 ) is said to be A) technically feasible and efficient. B) technically unfeasible and efficient. C) technically feasible and inefficient. D) technically unfeasible and inefficient. E) none of the above   ANSWER

C

 

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