Econ question 1 answer below »

Some children in Siliguri, India work as professional rock breakers. The rocks that they break with a hammer are used in buildings and roads. In terms of the idea of efficiency, having children break rocks with hammers: A) could be efficient given the extremely low price of labor and high price of capital. B) is technically efficient but not economically efficient because the job does not pay a living wage. C) is economically efficient but not technically efficient because it uses too much labor relative to capital. D) is not efficient because modern equipment could crush stone with far less effort

Looking for a similar assignment? Get help from our qualified experts!

Order Now