Question

The choice of the most efficient production technique is not affected by how much buyers want to buy the product?

1) True
2) False

Answer 1

The choice of the most efficient production technique can be affected by buyer demand.

Step-by-step explanation:

The choice of the most efficient production technique can be affected by how much buyers want to buy the product. This is because buyer demand directly influences the production output and, subsequently, the efficiency of the production technique chosen.

For example, if there is high demand for a product, it may be more efficient to use a production technique that maximizes output to meet the demand. On the other hand, if demand is low, it may be more efficient to use a production technique that minimizes costs.

Therefore, the statement that the choice of the most efficient production technique is not affected by buyer demand is False.