The following table gives different technologies that produce 100 metres of cloth. Based on this information, and assuming you only care about minimising costs, read the following statements and select the correct one.
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Question

The following table gives different technologies that produce 100 metres of cloth. Based on this information, and assuming you only care about minimising costs, read the following statements and select the correct one.

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Accepted Answer

When the wage cost is high relative to the price of coal, you are more likely to use technology A.

Answer

Technology E can sometimes be the cost-minimising choice.

Answer

When the price of coal is £20 per tonne and the wage cost is £10, then the cost of using technology B is £120.

Answer

When the price of coal is £20 per tonne and the wage cost is £10, then you would choose technology C.

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The following table gives different technologies that produce 100 metres of clot...

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