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Productive efficiency is achieved when goods and services are produced at the lowest possible cost, using the most efficient combination of inputs. It is a state in which a firm produces at the lowest point on its average cost curve, maximizing output for a given level of inputs. Products are produced on the production possibility frontier, ensuring that resources are allocated efficiently.
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What does fecundity mean?
"Fecund" means productive, whether physically or intellectually. Rabbits are fecund. Agricultural land can be fecund. Beehoven was a fecund composer.
What parts of the plant are productive?
Plant parts containing storage tissue are productive
What type of yield is is a way to describe reaction efficiency?
The type of yield used to describe reaction efficiency is called "chemical yield." It represents the amount of product obtained in a reaction, expressed as a percentage of the theoretical maximum yield that could be obtained. Factors such as purity of reactants, reaction conditions, and side reactions can influence the chemical yield.
What the word constructive came from?
The word "constructive" comes from the Latin word "constructivus," which is derived from the verb "construere," meaning "to build or construct." It is used to describe something that is helpful, productive, or contributing to progress or improvement.
What is the efficiency of a motor that has an output of 373 watts with an input of 450 watts?
The efficiency of the motor is calculated by dividing the output power by the input power and multiplying by 100%. In this case, the efficiency would be (373/450)*100 = 82.9%. This means that the motor is operating at an efficiency of approximately 83%.
Which of the following statements are true about productive and allocative efficiency society can achieve either productive efficiency or allocative efficiency but not simultaneously?
society can achieve either productive efficiency or allocative efficiency, but not both simultaneously
What is good word to describe a person efficiency?
Maybe efficient is a good word. Maybe effective or productive. It depends on context.
What is productive efficiency in economics?
Productive efficiency (also known as technical efficiency) occurs when the economy is utilizing all of its resources efficiently, producing most output from least input
What does it mean Describe the work environment in which you are most productive and content?
Describe the work environment in which you are most productive and content
What is allocative efficiency and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.
In long-run equilibrium P equal minimum ATC equal MC. The equality of P and minimum ATC means the firm is achieving?
Productive efficiency.
Do capital goods improve productive efficiency in market economies?
Yes they do
What best describe Stalin's policy of collectivization?
"productive"
What are the techniques of economic efficiency in health care?
allocative efficancy productive efficancy
What is productive efficiency?
It is the production of any particular good in the least costly way.
List and describe the three forms of informational efficiency?
List and describe the three forms of informational efficiency?
What is efficiency in economics?
Productive efficiency (also known as technical efficiency) occurs when the economy is utilizing all of its resources efficiently, producing most output from least input
