0
Production efficiency is a situation in which it is not possible to produce any more units of a good without giving up the opportunity to produce another good unless a change occurs in available productive resources.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Define optimal efficiency How is optimal efficiency achieved in production?
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
Importance of mobility of factors of production?
emphasise on efficiency of production in a firm
What is the definition of eco-efficiency?
eco is a prefix/contraction of Economy or Ecology. Eco efficiency in economy means the effective and efficient allocation of resources for the production of goods and services to achieve a higher level of income. Eco efficiency in ecology is the balanced interaction of the biotic and a biotic factors in the natural environment.
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 does efficiency of mass production mean in economic terminology?
what dose mass production mean
What is efficiency level?
Trophic level efficiency is the ratio of production of one trophic level to the production of the next lower trophic level. This efficiency is never high.
Define optimal efficiency How is optimal efficiency achieved in production?
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
Importance of mobility of factors of production?
emphasise on efficiency of production in a firm
What is the definition of eco-efficiency?
eco is a prefix/contraction of Economy or Ecology. Eco efficiency in economy means the effective and efficient allocation of resources for the production of goods and services to achieve a higher level of income. Eco efficiency in ecology is the balanced interaction of the biotic and a biotic factors in the natural environment.
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.
War Industries Board?
Encouraged companies to use mass production techniques to increase efficiency
What does efficiency of mass production mean in economic terminology?
what dose mass production mean
What is the role of production?
There are many roles of production designers around the world. These production designers are responsible for efficiency of their products.
Why measurement is required?
it is required to improve the efficiency of production.
What typically results from the introduction of the assembly line into the production process?
B. Efficiency is increased.
What is definition of efficiency?
Efficiency is: 100% x (the energy that goes to the intended task)/(total energy needed)
What is the definition of thermal efficiency?
the efficiency of a heat engine measured by the ratio of the work done by it to the heat supplied to it.
