« previous next »

Author Question: Efficiency is defined as A) the maximum consumption of goods. B) the production of goods and ... (Read 98 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
Efficiency is defined as
 
  A) the maximum consumption of goods.
  B) the production of goods and services.
  C) production of output at minimum cost.
  D) arriving at one's destination quickly.

Question 2

Refer to the above figure. A price control has been set which has led to a shortage. This means that a
 
  A) price ceiling has been set at P1.
  B) price floor has been set at P1.
  C) price ceiling has been set at P2.
  D) price floor has been set at P2.


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Measuring BMR via oxygen consumption with indirect calorimetry. Measuring BMR via oxygen consumption with indirect calorimetry.
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library