Four methods of completing a tax return and the time taken by each method are:
PC, one hour
Pocket calculator, 12 hours
Pocket calculator and paper and pencil, 12 hours
Pencil and paper, 16 hours
The PC and its software cost $1,000, the pocket calculator costs $10, and the pencil and paper cost $1.
Which of the methods is technologically efficient?
Economically efficient... View the full answer