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The optimal mix of output is known in economics as the most desirable combination of output attainable with available resources, technology, and social values.
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∙ 14y ago
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Is the market mix of output and the optimal mix of output are always the same?
well in my class it is mostly about exsisting resources
If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?
The optimal level of output is where marginal costs = marginal damages.
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
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
In a free market economy the optimal QUALITY of goods and services is determined by?
The cost of output in relation to revenue.
Is the market mix of output and the optimal mix of output are always the same?
well in my class it is mostly about exsisting resources
How do you determine the optimal product mix?
Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?
The optimal level of output is where marginal costs = marginal damages.
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
The firm's optimal mix of debt and equity is called its?
target capital structure
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
In a free market economy the optimal QUALITY of goods and services is determined by?
The cost of output in relation to revenue.
What devices are considered output services?
output devices are monitor,speaker,printer where you get your output
Is data that is displayed or heard after processing is comsidered output or input?
It is considered output.
Is speakers input or a output device?
A speaker, whoever makes it, is an output device
What is corrective subsidy?
A corrective subsidy is basically a payment that is made by the government. It is used to ensure the optimal output of a product or the consumption of that product.
What do you understand by pooled sequential and reciprocal interdependence?
Pooled interdependency is when the combined output is a result of all entities' output (the outputs are pooled into one combined output), but where the output of one is not dependent on the output of the others. Sequential interdependency is when the output of one entity is reliant on the output of the other; the one entity cannot start producing its output until it has received the output of the other. Last, reciprocal interdependency is when the output is produced via a collaboration of all entities, and where all entities are dependent on each other in order to produce the optimal output.
