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Q: Describe what productive efficiency means?
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Which of the following statements are true about productive and allocative efficiency society can achieve either productive efficiency or allocative efficiency but not simultaneously?

society can achieve either productive efficiency or allocative efficiency, but not both simultaneously


What is good word to describe a person efficiency?

Maybe efficient is a good word. Maybe effective or productive. It depends on context.


What is productive efficiency in economics?

Productive efficiency (also known as technical efficiency) occurs when the economy is utilizing all of its resources efficiently, producing most output from least input


What is allocative efficiency and productive efficiency?

Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.


What does it mean Describe the work environment in which you are most productive and content?

Describe the work environment in which you are most productive and content


Do capital goods improve productive efficiency in market economies?

Yes they do


In long-run equilibrium P equal minimum ATC equal MC. The equality of P and minimum ATC means the firm is achieving?

Productive efficiency.


List and describe the three forms of informational efficiency?

List and describe the three forms of informational efficiency?


What is efficiency in economics?

Productive efficiency (also known as technical efficiency) occurs when the economy is utilizing all of its resources efficiently, producing most output from least input


What are the techniques of economic efficiency in health care?

allocative efficancy productive efficancy


What is productive efficiency?

It is the production of any particular good in the least costly way.


To realize full production a society must achieve what?

Both allocative and productive efficiency