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Teaching Economics

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Is this the best use of scarce resources?

Ben Cahill

28th March 2011

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Visual examples of productive (in)efficiency are a bit thin on the ground so I will use the following picture to start discussion on whether businesses always use the least cost method of production.

Of course mac users (of which I am one) tend to be a bit snobby and perhaps wouldn’t dream of contaminating their machine with something as common as an ordinary table…
image

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Ben Cahill

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