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Business, 10.03.2020 22:34 brandiwingard

A firm can determine whether or not it is using its resources efficiently by calculating the value of the – for each resource and dividing it by the – of that resource. This will tell the firm the – of each factor of production. The firm can then decide to increase or decrease its use of each factor of production. When the revenue per dollar spent is –, the firm will be using its resources in the most efficient manner.

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A firm can determine whether or not it is using its resources efficiently by calculating the value o...
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