Now, determine the formula you will use to calculate the efficiency variance of each firm. Choose...

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Economics

Now, determine the formula you will use to calculate the efficiency variance of each firm. Choose the correct answer below. A. Efficiency variance=Input price of firm times left parenthesis Input quantity of firm minus Input quantity of Ind. BM right parenthesisInput price of firm×(Input quantity of firm−Input quantity of Ind. BM) B. Efficiency variance=Input quantity of firm times left parenthesis Input price of firm minus Input price of Ind. BM right parenthesisInput quantity of firm×(Input price of firm−Input price of Ind. BM) C. Efficiency variance=Input price of Ind. BM times left parenthesis Input quantity of firm minus Input quantity of Ind. BM right parenthesisInput price of Ind. BM×(Input quantity of firm−Input quantity of Ind. BM) D. Efficiency variance=Input quantity of Ind. BM times left parenthesis Input price of firm minus Input price of Ind. BM right parenthesisInput quantity of Ind. BM×(Input price of firm−Input price of Ind. BM)

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