« previous next »

Author Question: Efficiency refers to a. producing output using the least amount of labor b. producing output using ... (Read 104 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jul 1, 2018
Efficiency refers to
 a. producing output using the least amount of labor
  b. producing output using the least amount of capital
  c. producing as far inside the production possibilities frontier as possible
  d. producing only one out of many possible commodities
  e. getting the maximum possible output from available resources

Question 2

Which of the following is most appropriately measured along one axis of the production possibilities frontier diagram?
 a. the quantity of a produced good
  b. the price of a produced good
  c. the quantity of natural resources
  d. the state of technology
  e. society's welfare and satisfaction


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

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?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

The energy input and output of glycolysis. The energy input and output of glycolysis.
Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library