0
Is the increase in efficiency gained by producing more output without using more inputs.?
Wiki User
∙ 8y ago
savings
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
An increasing in efficiency gained by producing more output without using more inputs is called what?
That term is known as economic efficiency
How could one define operational efficiency?
Operational efficiency can be defined as the ratio between the input to run a business operation and the output gained from the business. When improving operation efficiency, the output to input ratio improves.
What is the definition of Law of Diminishing Marginial Utility?
In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumptio...
Name and describe 5 reasons why there would be a change or shift in supply?
There would be a shift in supply if:1. The price of the inputs were to increase/decrease.2. A new technology was invented that made the production process fast - would shift supply up.3. If new capital was gained, like forests being cleared to make was for farming - would shift supply up.4. A change in the expected prices would increase/decrease supply.5. An improvement in weather will increase the productivity of the same amount of farmland - making an increase in demand.
How does self interest play into the market system?
Part of the philosophy of a competitive, free market system is that efficiency is gained when individual participants act in their own self interest. Milton Friedman called this cooperation without coercion. By advancing one's own good, one advances the good of society as a whole.In The Wealth of Nations, Adam Smith said, "By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it." This is sometimes referred to as the "Invisible Hand," which theoretically assets with the efficient allocation of resources in a free market system.
Is the increase in efficiency gained by producing more output without using more inputs?
savings
An increasing in efficiency gained by producing more output without using more inputs is called what?
That term is known as economic efficiency
Is it possible to attach a wind turbine to an airplane to increase efficiency?
No. The amount of energy gained will be less than spent by the aircraft to overcome the drag created by your turbine.
How much efficiency is gained by relocating an AC Condenser so that it is not on the south side of the house?
None.
How could one define operational efficiency?
Operational efficiency can be defined as the ratio between the input to run a business operation and the output gained from the business. When improving operation efficiency, the output to input ratio improves.
When enough energy is GAINED a liquid will?
its vapourization rate will increase
Will valparin increase weight?
Yes it may I am not a doctor but i gained 35kgs due to it
In 1949 what was the main reason why the Chinese communists gained control of china?
the communist party gained support of the peasant class during the long march
Which country in South America gained independence without a violent takeover?
Brazil
Was Brazil's independence gained without bloodshed?
Yes, Citizens asked for it and it was granted.
What is gained by increasing the rotation speed of a disk or CD?
increase tranfer rate and decrease average access time
Does a aftermarket exhaust on a dirt bike increase your horsepower?
Yes It does how much h.p. is gained depends on the type of system you get.
