the efficiency in utilizing resources is productive efficiency. So, we can say that higher productivity is a result of more production from a given amount of input. Or it can be the production of a given amount with less input.
Why do public goods demonstrate the limitations of a free market economy? A. They allow consumers to make all of the economic decisions. B. They allow government to make some economic decisions. Explain why productive efficiency does not necessarily lead to allocative efficiency. ...
Explain why is perfect competition is the best form of market structure. Does perfect competition exist? Describe how firms in perfect competition achieve both allocative and productive efficiency. A firm in which market has the most market power? A. perfect competition B. monopoli...
aA shift to a liberalized financial regime that allows lending to risky originators, but only allows standard debt, increases productive investment (production efficiency), even though crises might occur from time to time. 一个转移到允许借贷对危险的创作者的一个自由化的财政政权,但只允许标准债务,增加...
Alfred Weber's Model of Industrial Location | Overview & Examples Productive Efficiency | Definition & Examples Isoquant Curve Overview & Examples | What is an Isoquant? Service in Economics | Definition & Examples Consumption in Economics | Overview, Types & Example Economic Benefits: Definition ...
The use of natural daylight in office buildings, for example, besides reducing energy costs, also seems to make workers more productive. Lockheed Martin, an aerospace firm, found that absenteeism(缺勤) by 15after it moved 2, 500employees into a new green building in Sunnyvale, California. ,...
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aFirst of all, science and technology is the first productive force. The industries ability to continously improve the production efficiency can be improved under its infulence. Moreover it makes our life becomes rich and colorful. Many home appliance, for example, computer, Tv ,[translate]...
we multiply with the overhead rate per hour to get the total variable overhead. We can say that VOEV is the difference between the actual variable manufacturing overhead and expected variable overhead if we have the number of hours worked. This variance arises because of productive efficiency....
Explain how a PPC/F can be used to illustrate scarcity, choice, opportunity cost and productive efficiency. Describe the resource limitations that affect the poorest person on earth. Discuss Scarcity, Opportunity Costs, and the big three questions. ...