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Ahat [919]
2 years ago
10

What therm decribes using tesources to produce the maximum amount of goods and services?

Business
1 answer:
Sergio039 [100]2 years ago
7 0

Economic efficiency describes utilizing resources to construct the maximum amount of goods and services.

<h3>What is Economic efficiency?</h3>

In order to serve each person or entity in the best possible manner while minimizing waste and inefficiency, economic efficiency implies an economic state. Any adjustments made to benefit one entity would hurt another in an economically effective economy.

A balance between benefits and costs is a sign of economic efficiency. Example: A farmer wishes to sell a portion of his property. The person who will pay the highest price for the land uses the resource more effectively than the person who will not pay the highest price.

The best use of resources for each individual in that economic situation is referred to as economic efficiency. Although there is no predetermined cutoff point that establishes the viability of an economy, indicators include products that are sold for the least amount of money and labor that produces the most amount of things.

Hence, Economic efficiency describes utilizing resources to construct the maximum amount of goods and services.

To learn more about Economic efficiency refer to:

brainly.com/question/13444150

#SPJ4

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Answer:

No the suit will not succeed as their is no agreement

Explanation:

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Thus the suit that says Grondas has breached the contract is meaningless and will not succeed in the court.

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Define private equity funds economics. ​
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Disney’s my magic system, which enables visitors to swipe their magic band wristbands to get on rides, make purchases, and open
Lera25 [3.4K]

<em>Answer:</em>

<em>Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.</em>

<em>Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.Once arriving on site at Disney, MagicBands are tools to unlock many features of that high-tech vacation experience. For example, guests can use MagicBands as a room key for on-property hotel rooms, to charge purchases, to scan into theme parks entrances and Lightning Lanes, and much more. MagicBands are made of flexible plastic and fit around guest wrists so they go can everywhere each guest goes.</em>

8 0
2 years ago
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
faust18 [17]

Answer and Explanation:

The preparation is presented below:

1. For Direct labor budget

<u> Particulars           1st quarter  2nd quarter   3rd quarter  4th quarter Year </u>

Production Units   10400        9400                11400            12400       43600

direct labor time

per unit (hr)             0.25         0.25                   0.25               0.25         0.25

Total direct labor

hour needed           2600      2350                   2850               3100     10900

direct labor cost

per hour                   12              12                         12                    12          12

Total direct

labor cost              31200         28200               34200           37200 130800

2. For Manufacturing overhead budget

<u>Particulars           1st quarter       2nd quarter   3rd quarter   4th quarter Year</u>

Variable

manufacturing overhead 4420    3995              4845            5270         18530

Fixed manufacturing

overhead               84000            84000            84000        84000      336000

Total manufacturing

overhead            88420               87995              88845          89270 354530

Less: depreciation  -24000        -24000             -24000        -24000 -96000

cash disbursement

for manufacturing overhead 64420  63995  64845    65270    258530

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This means that the overtime earnings that you earn during that year =

$ 65,000 - $50,000 = $15,000

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