Can we say that the plant in country b is more efficient, Ask an Expert

Economics

Consider two steel plants in two different countries. The plant in country A employs ten men for every ton of steel it produces, while the plant in country B employs only one man per ton of steel. Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9437851

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