A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enough. B. A technologically inefficient method is never economically efficient. C. A firm that uses more labor and less capital than another firm cannot be technologically efficient. D. The technologically efficient method is the one that uses a smaller amount of the more expensive resource and a larger amount of the less expensive resource.
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Home » Business » A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enough. B. A technologically inefficient method is never economically efficient. C.