A firm is evaluating different technologies to produce 1,000 units of a product. The input requirements for three potential technologies are shown in the table below.
| Technology | Machine Hours | Labor Hours |
|---|---|---|
| X | 5 | 10 |
| Y | 7 | 8 |
| Z | 6 | 11 |
Evaluate the following statement: 'Technology X is dominated by Technology Y.'
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