Part of the criteria to achieve the socially efficient production level is for firms to only produce units of output that are more highly valued by consumers than that of the associated productive costs.
<h3>
Definition of efficient production</h3>
An economic term known as production efficiency refers to the point at which an economy or other entity can no longer produce more of one good without reducing the production of another. This occurs when it is claimed that production is taking place along a production possibility frontier (PPF).
Productive efficiency is another name for production efficiency. Similar to productivity, productive efficiency denotes that something is working to its full potential.
In general, the term "economic production efficiency" refers to a level of maximum capacity when all resources are being used to their fullest extent in order to produce the most cost-effective product feasible.
Learn more about production efficiency
brainly.com/question/14450323
#SPJ4
Full employment GDP happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment. Full employment describes situation in which a<span>n acceptable level of unemployment somewhere above 0% exists. F</span>ull employment GDP means that t<span>he level of </span>GDP at which there is no deficiency of aggregate demand.
Answer:
controlling, organizing, planning and leading.
Explanation:
When Riley learns all that it takes to be a manager, he will be involved in controlling, organizing, planning and leading.
The four main pillars of human resource managing which are expected by he company:
Controlling
Organizing
Planning
Leading
Other objectives like motivation,marketing comes secondary for HR managers and are focused on by other managerial positions.
<span>tests products such as drugs and automobiles for safety</span>
Answer:
The correct answer is letter "A": strategic plan.
Explanation:
A strategic plan refers to the long term objectives a company establishes and the steps it selects to take to accomplish those goals. Departments within an entity can also outline their own strategic plan. The Human Resources (HR) department, for instance, needs a strategic plan to improve processes related to <em>recruiting, hiring, training, </em>and <em>firing</em> employees.
Every company needs to have only the necessary workforce according to their production. Then, the HR department must be aware of the level of output of the company to spot labor hand surpluses or shortages. The HR representatives are also responsible for planning employee appraisal and compensation.