0
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.
Add your answer:
Earn +20 pts
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Define economic system?
is the system of production,distribution and consumption of goods and services of an economy
How do you define economics?
Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
What are 4 factors of production and their remuneration in detail?
There are four factors of production. The first is land, which payments are for rent. The second is labor, for which the payment is wage. The third is capital, and the payment is interest. The fourth is entrepreneurship and the remuneration is profit.
How i define Efficiency of human nature?
The Matrix.
Define equivalent evaporation and boiler efficiency?
difine
What is General characteristics of optimal operating system?
What exactly do you mean by 'optimal operating system'? If you don't define the term there is no way to answer the question.
What is a service system design matrix?
The service system design matrix define the relationship between sales opportunity and production efficiency measured against the amount of human interactive .
What do mission orders accomplish?
The define the mission and how it should be achieved.
Describe the various notations used to define the effiency of An algorithm?
notations used to define the efficiency of An algorithm
What does the suffix - poiesis define as?
Production
What is optimal learning?
After teaching for thirty years, I would define optimal learning as the aquiring of skills and or knowledge in an environment that supports the student's needs as completely as possible.
How do you define structural efficiency score?
If you want to find the structural efficiency the equation for structural efficiency is: maxmum mass the structure can withstand divided by the structure mass.
Define efficiency for a simple machine?
Efficiency for a simple machine is (useful work out) / (total work in). The expression above is usually multiplied by 100 to give percentage efficiency.
Define efficiency of a machine?
It is defined as the ratio of the output of a machine to the input to the machine.
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
