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What is the most direct benefit of greater productivity?
Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.
What are benefit of managerial specialization?
Greater efficiency; increased productivity; lower unit costs
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
How does international trade affect consumers?
Consumers have access to a greater variety of goods and services from other countries.
How does specialisation address the issue of scarcity?
Since the days of Adam Smith it is a widely held economic tenet that specialisation leads to greater productivity. This productivity increase allows firms (or for that matter countries) to benefit from static efficiency i.e. greater output from a given set of inputs If countries can make more from their given set of resources, the problem of scarcity (i.e. the economic problem) must be improved or solved to some degree.
What is the benefit of greater organization?
Increase in productivity
What is the most direct benefit of greater productivity?
Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.
What are benefit of managerial specialization?
Greater efficiency; increased productivity; lower unit costs
How do consumers benefit from copyright?
Enabling creators to reap financial reward for their hard work encourages creation of more works in greater variety.
How can questioning techniques and nonverbal feedback improve the interactive listening process for greater productivity?
"How can questioning techniques and nonverbal feedback improve the interactive listening process for greater productivity?"
When output is less than the efficient level?
When output is less than the efficient level, the amount consumers are willing to pay equals the cost of production. the cost of production is greater than the price consumers are willing to pay. the marginal cost of producing the good must be greater than the marginal benefit from the good.
Why producers has greater biomass than consumers?
why are the producers having greter biomas than the consumers
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
If the number of producers increase what would happen to the consumers?
If the number of producers increases, it could lead to more choices and competition in the market for consumers. This may result in lower prices, better quality products, and improved customer service as producers compete for consumer attention. Consumers may benefit from increased variety and potentially lower prices.
How does international trade affect consumers?
Consumers have access to a greater variety of goods and services from other countries.
How does specialisation address the issue of scarcity?
Since the days of Adam Smith it is a widely held economic tenet that specialisation leads to greater productivity. This productivity increase allows firms (or for that matter countries) to benefit from static efficiency i.e. greater output from a given set of inputs If countries can make more from their given set of resources, the problem of scarcity (i.e. the economic problem) must be improved or solved to some degree.
Are speed and distance directly proportional or inversely proportional?
Directly proportional. Greater speed - greater distance.
