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In economics what is a situation where the goal of efficiency is being met?
When you do something with as little waste as possible.
What is the definition of production efficiency?
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.
What is the definition of perfect knowledge in economics?
In economics, perfect knowledge describes the state in which a consumer has all possible information in order to make a decision. This situation is ideal, not usual.
What is an optimum resource allocation?
Optimum allocation is when productive and allocative efficiency co-exist. Productive efficiency is achieved when when products are made with the least possible use of the resources, i.e, by incurring lowest possible costs in producing them Allocative efficiency is achieved when the combination of products produced provide consumers the greatest possible satisfaction, i.e, goods which are most wanted are produced When both these elements are present, there is also economics efficiency. This means that resources are used in the best way possible, i.e, producing the goods which are most wanted with the least possible use of resources
Explain the concept of Market Efficiency Is Arbitrage possible in an efficient market Why or why not What is some of the evidence for and against market efficiency No more than two pages please?
what are the types of market efficiency in nigeria?
In economics what is a situation where the goal of efficiency is being met?
When you do something with as little waste as possible.
What is actual criterion?
Or best real-world respresentative of the ultimate criterion, which we develop to reflect or overlap with the ultimate criterion as much as possible.
When tables are joined in query it is not possible to restrict retrieval by using criterion?
False
What is the definition of production efficiency?
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.
What does fuel efficiency mean?
It describes how good an engine is at turning fuel into the desired form of energy. High fuel efficiency means that as much as possible of the energy in the fuel has turned into whatever other type of energy that was intended. Low fuel efficiency means there's a lot lost in the transition.
What is the definition of perfect knowledge in economics?
In economics, perfect knowledge describes the state in which a consumer has all possible information in order to make a decision. This situation is ideal, not usual.
What is the formula of efficiency?
Efficiency is typically calculated as the ratio of actual output to maximum possible output, expressed as a percentage. The formula for efficiency is: Efficiency = (Actual output / Maximum possible output) * 100%.
What word means without certainty?
Without certainty could be replaced with 'possible' or maybe even 'doubtful'
Which number does not belong 123456789?
Since there is only one number given, it is not possible to determine the criterion for inclusion. So there cannot be an answer.
Is it possible to reason your way out of an unreasonable situation?
Possible yes it is the only way out of an unreasonable situation is with a reasonable one
Would a medical condition be grounds to lose custody of a child?
Yes. That's possible depending on the situation. See related question.Yes. That's possible depending on the situation. See related question.Yes. That's possible depending on the situation. See related question.Yes. That's possible depending on the situation. See related question.
When a situation is assessed it is?
When you assess the situation, you review the problem and look over possible outcomes for the situation.
