« previous next »

Author Question: Efficiency refers to a. producing output using the least amount of labor b. producing output using ... (Read 56 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?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ... This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ...
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Converting enzyme activity to its amount Converting enzyme activity to its amount
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: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library