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Author Question: An example of market efficiency in the fashion industry refers to fashion firms that are able to ... (Read 78 times)

Tazate

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on: Sep 11, 2018
An example of market efficiency in the fashion industry refers to fashion firms that are able to produce increased amounts of output with fewer units of input; for example fewer sewing machines are needed to make the same number of dresses produced in a prior year's production period.
 
  a. True
  b. False

Question 2

In Paris, during wartime in the 1940s, The Limitation of Supplies Order that specified the acceptable quantity of material allowed in manufacturing.
 
  a. True
  a. False


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softEldritch

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Reply #1 on: Sep 11, 2018
Answer to Question 1

b The definition above describes/defines technical efficiency.

Answer to Question 2

a


Tazate

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Reply 2 on: Sep 11, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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