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You are given the following differenttechnologies for producing 100 metres of cloth.
You are given the following different
technologies for producing 100 metres of cloth.
TechnologyA is the cost-minimising technology at all prices of coal and wages.
Technology
A is the cost-minimising technology at all prices of coal and wages.
TechnologyD is more labour-intensive than technology C.
D is more labour-intensive than technology C.
TechnologyC dominates technology A.
C dominates technology A.
TechnologyC can sometimes be a cheaper technology than A.
C can sometimes be a cheaper technology than A.
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