« previous next »

Author Question: Efficiency refers to a. producing output using the least amount of labor b. producing output using ... (Read 84 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

A Need for Improved Water-Use Efficiency in Plants A Need for Improved Water-Use Efficiency in Plants
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
The amount each injector is able to flow is displayed in glass cylinders are each injector for a ... The amount each injector is able to flow is displayed in glass cylinders are each injector for a ...
A depiction of the amount of precipitin that would form with different ratios of antigen and ... A depiction of the amount of precipitin that would form with different ratios of antigen and ...
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Phases of mitosis

For a complete list of videos, visit our video library