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Is the market mix of output and the optimal mix of output are always the same?
Wiki User
∙ 14y ago
well in my class it is mostly about exsisting resources
Wiki User
∙ 14y ago
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Is the optimum level of production the same as the profit maximization level of output?
"Optimal" can be defined in various ways. When looking from a profit maximization viewpoint, the level of production with the highest (return/cost) ratio will be the optimal. However, when looking purely from a productive viewpoint, the optimal level would be the one with the highest (output quantity/input quantity) ratio
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
The demand curve any monopolist uses in making output decisions is?
the same as the market demand curve.
What is potential output in macroeconomics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
Describe the circular Flow Model?
The circular flow model is a summary of the operation of a market economy, that is the flow between production factors (firms) and households. Firms provide an income to households though employment (labour) and in the same manor households spend their income on firms for services and products.
Is the suns output always the same?
NO!
Is the optimum level of production the same as the profit maximization level of output?
"Optimal" can be defined in various ways. When looking from a profit maximization viewpoint, the level of production with the highest (return/cost) ratio will be the optimal. However, when looking purely from a productive viewpoint, the optimal level would be the one with the highest (output quantity/input quantity) ratio
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
What is the function rules of input and output?
The rule is what actions (operations) the function performs. The only requirement is that for each imput there is an output and that the same input always results in the same output. (Different inputs can have the same output).
The demand curve any monopolist uses in making output decisions is?
the same as the market demand curve.
Why is the output force always less than the input force in the third class lever?
Because the output distance is always greaterthan the input distance,and the product of (force) x (distance) is nearly the same on both ends.
What are the differences between capital allocation line CAL and capital market line CML?
CML = CAL for the entire market, assuming everyone has the same mean variance expectations ( E(R), variances, correlations). CAL is just the CML for individual investors. CAL and CML both combine the risk free asset with the optimal portfolio, only with CML that optimal portfolio is the market portfolio (tangency point of CML).
Why is the output force always less than th input force in third clss lever?
Because the output distance is always greaterthan the input distance,and the product of (force) x (distance) is nearly the same on both ends.
Why is the output force always less than th input force in third class lever?
Because the output distance is always greaterthan the input distance,and the product of (force) x (distance) is nearly the same on both ends.
What is potential output in macroeconomics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
155 Celsius is the optimal temperature?
As 155C is the same as 311F, it sounds a bit hot for optimal anything
How did china's geography affect its relationship with the rest of the world?
the same as it does today. China has always ruled the world market and always will.
