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What decisions affect production efficiency?
All four of the decisions must be made: What goods will be produced?How will production occur?How much should be produced?Who will be the recipients?All are decisions that influence production efficiency.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
What is Making production decisions?
Making production decisions involves assessing various factors to determine how to efficiently produce goods or services. This includes evaluating resources, costs, technology, and market demand to optimize the production process. The goal is to maximize output while minimizing costs and meeting quality standards. Effective production decisions contribute to a company's overall profitability and competitiveness in the market.
What are the three major problems of microeconomics?
The three major problems of microeconomics are resource allocation, production decisions, and distribution of goods and services. Resource allocation focuses on how limited resources are distributed among competing uses to maximize efficiency. Production decisions involve determining the optimal combination of inputs to produce goods at the lowest cost. Lastly, the distribution problem addresses how income and wealth are distributed among individuals and groups, impacting overall economic equity and social welfare.
What decisions affect production efficiency?
All four of the decisions must be made: What goods will be produced?How will production occur?How much should be produced?Who will be the recipients?All are decisions that influence production efficiency.
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
Characteristics of production and operations management decisions?
Making decisions that help make business more efficient are part of production and operations management. Other characteristics include conscientious and tactical decisions.
Who makes the production decisions for the U.S.?
The president (oboma)
What was the Production Budget for Major League?
The Production Budget for Major League was $11,000,000.
What was the Production Budget for Major Dundee?
The Production Budget for Major Dundee was $3,800,000.
How resource constrain guide you to take major economic decisions?
How resource constrain guide you to take major economic decisions?
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
What are the bases of production decisions in subsistence economy?
because of the scarcity
What is Making production decisions?
Making production decisions involves assessing various factors to determine how to efficiently produce goods or services. This includes evaluating resources, costs, technology, and market demand to optimize the production process. The goal is to maximize output while minimizing costs and meeting quality standards. Effective production decisions contribute to a company's overall profitability and competitiveness in the market.
What are the three major problems of microeconomics?
The three major problems of microeconomics are resource allocation, production decisions, and distribution of goods and services. Resource allocation focuses on how limited resources are distributed among competing uses to maximize efficiency. Production decisions involve determining the optimal combination of inputs to produce goods at the lowest cost. Lastly, the distribution problem addresses how income and wealth are distributed among individuals and groups, impacting overall economic equity and social welfare.
