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An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
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What is an example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
How can you find out the levels of cash f n o?
how can you find out the levels of cash f n o
What is a flat structure and what are the features of it?
Most small businesses have a flat structure. The advantages of having a Flat structure are the organisation is less costly because it has only few managers. It creates less management. Quick decisions and actions can be taken because it has only a few levels of management. Fast and clear communication is possible among these few levels of management. The disadvantages areclose and informal relations may not be possible. Efficient and experienced superiors are required to manage a large number of subordinates. It may not be suitable for complex activities. The quality of performance may be bad.
How many levels of management did you interact with?
Many people interact with two levels of management. They talk to their direct supervisor and then they talk to their manager's supervisor.
What are the major levels of reserve mobilization?
Limited
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
Where on a production possibilities curve an economy working below its most efficient production levels is shown?
At any point of underutilization/any point inside of the curve
What is inflation on working capital?
What_is_inflation_on_working_capitalimpact of inflation onworkingcapital
If the economy is confident that there is increasing demand for increased levels of production what will be the impact on the investment?
investment increases.
Is the Italian economy a market economy or a command economy?
Italy's economy may have strong government regulation, but it is first and foremost a MARKET ECONOMY because firms choose their own levels of production, not the Italian government (which would be the case in a command economy).
What is levels of production?
what is levels of production
In a command economy who's tells producers what and how much to produce?
Government planners In a command economy, government committees or economic planners, political officials and production expers designate production levels and the factories which will produce them. This works on apex too soooooooo your welcoome
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is product levels?
what is levels of production
How does Stalin's 5 year plan resemble a command economy?
Stalin's Five Year Plan did not "resemble" a command economy; it WAS a command economy. A command economy is when the central government determines how much production will occur (instead of allowing businesses to produce at their own levels). The Five Year Plan was an explicit set of quotas by Stalin as to how much production (mostly agricultural) would occur in the next five years, setting a level of production which was unreasonable.
How do you illustrate a production possibility frontier?
By using production possibility curve,country is producing both industrial and agricultural product using available resources, technology country operating inside production possibility curve shows the levels underdevelopment, which will be result under utilisation of resources ,poor technology. The country operating outside production possibility curve show the levels of development in economy, however, an economy can produce both industrial and agricultural using the resources available without effecting the production each . A shift from inside to outside it may be result of discovering of new resources, improved technology .
What are the three levels of production?
Core customer value actual product augmented product
