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An efficient production situation is characterized by minimal waste, optimal use of resources, and high output, often achieved through streamlined processes and effective management. In contrast, an inefficient production situation may exhibit excessive waste, bottlenecks, and poor resource allocation, leading to lower output and increased costs. Efficiency is often measured by the ratio of inputs to outputs, while inefficiency reveals discrepancies in this balance. Overall, the key difference lies in how well resources are utilized to achieve production goals.
What else can I help you with?
Use a production possibilities frontier to describe the idea of efficiency?
Efficiency is greatest when diminishing returns is at its most efficient point. In a possibilities frontier if I have two items, I want to make sure I am not over-producing one item or the other because then my opportunity costs are high and that is inefficient.
3 Describe the benefits enjoyed by a firm engaging in large scale production?
about Economies of large scale production
Which does not describe a market economy?
The problems of scarcity and allocation of resorce are addressed by production for use or need rather than production for profit A+
What is best describe what production accomplishes?
Value added to resources that already exist.
Describe the production function with one variable input and explain the relationship between TPMP and AP curves and the three stages of production?
there are three stages of production mp>ap
Use a production possibilities frontier to describe the idea of efficiency?
Efficiency is greatest when diminishing returns is at its most efficient point. In a possibilities frontier if I have two items, I want to make sure I am not over-producing one item or the other because then my opportunity costs are high and that is inefficient.
Describe a situation where fixed automation is preferred over programmable automation?
fixed if for mass production while programmable is for batch production
What would describe a situation in which thylakoid is used in the production of atp?
ATP produced by noncyclic flow electrons in thylakoid membrane.
Describe a customer service situation?
Describe a situation of superior customer service?"
Describe a situation where you had to prioritize personal matter over work?
Describe a situation where you had to prioritize personal matter over work?
What are the characteristics of an efficient database?
a) Identify and describe FIVE characteristics of an efficient database
Describe a situation where you have had to deal with a difficult customer what did you do what was the outcome?
Describe a situation where you have had to deal with a difficult customer what did you do what was the outcome
Describe a bad situation?
There are millions of ways you could describe a situation. You could describe a situation based on facts or on feelings for example.
Describe a recent situation which demonstrates attributes you can contribute to our team?
Describe a recent situation which demonstrates attribute you can contribute To ENRST & YOUNG
How do you describe a situation causing you to be depressed?
depressing
What best describe what capital contributes to production?
Resources given to the earth to supply production
How do you say describe in french?
in french, describe is known as 'ecrivez'.
