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Define optimal efficiency How is optimal efficiency achieved in production?
Wiki User
∙ 9y ago
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
Wiki User
∙ 9y ago
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