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GenaCL600 [577]
3 years ago
11

In order to satisfy as many wants as possible, it is necessary to achieve productive efficiency:

Business
1 answer:
charle [14.2K]3 years ago
8 0

Answer:

(i) since otherwise resources are idle.

(ii) since it would be impossible to produce more of one thing without producing less of another.

Explanation:

When an economy has reached productive efficiency, all resources are being fully utilized such that if the country wants to produce more of one good, they would have to produce less of another.

It is important that a country achieves this level because it would mean that no resource is being left idle and there is no under-performance in the economy.

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facilities, factories, and production lines with very large equipment are all classified as a. installations. b. component parts
Mashutka [201]

Facilities, factories, and production lines with very large equipment are all classified as installations.

What is production?
Production is the process of combining different immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an outcome, a good as well as service that has value and enhances people's utility. Production theory, a branch of economics that focuses on production, is entwined with consumption (or consumer) economic theory. Utilizing the initial inputs productively leads to the production process and the output (or factors of production). Land, labour, as well as capital are regarded as the three primary production factors and are referred to as primary producer products or services. Both the output process and the final product do not significantly change these essential inputs or turn them into integral parts of the final product.

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3 0
11 months ago
Match the job role with the job title. (More than three answers)
Dmitry_Shevchenko [17]

Explanation:

Internal Revenue Investigator:

The responsibility of Internal Revenue investigator is that to collect the taxes from people as well from corporation on time so that the Government can deliver service to the people.

Roles:

1.  Review financial records of large businesses and corporations.

2. Review tax documents and returns for errors and inaccuracies

Federal Aid Coordinator:

To help the financial needy and to appreciate the merit student, Federal Aid coordinator will evaluate and find the candidates / students accordingly.

Roles:

1. Evaluate students applications for financial aid

2. Review policies and grant funds to students in need

3. Paralegal:

He/ She is the person who is assisting the lawyer in terms researching about the crime that has happened. In simple term we can call that as investigation.

Roles:

1. Gather evidence and prepare for court

2. Conduct research that is pertinent to a criminal case.

3 0
3 years ago
Price is taken to be a given by an individual firm selling in a purely competitive market because.
snow_tiger [21]

Price is taken to be a given by an individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total market.

Purely competitive market refers to a marketing situation in which there are a large number of sellers of a product which cannot be differentiated selling a standardized product and therefore, no single firm has a significant influence on the product price. It is characterized, furthermore, by ease of entry for new companies into the market and perfect market information. Hence, the sellers in such a market are considered to be price takers. Examples of purely competitive market are agricultural products such as wheat or corn.

Learn more about Purely competitive market:

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6 0
1 year ago
You need to know more than just facts in order to use critical thinking skills.
solniwko [45]

true at least in my opinion


3 0
3 years ago
Read 2 more answers
Write a short essay listing three jobs you believe would be right and good for you.
soldier1979 [14.2K]

Answer:

I  believe following three jobs would be best for you

1: University Lecturer

2: Market Researcher

3: Marketing Consultant

Explanation:

1: University Lecturer

I am very good student and have strong grip over different academic concepts, I always have stood first in my class. I always got Distinction in my college. Moreover, I am very good at giving presentation, theretofore, I definitely believe that I can perform very well in teaching at the university level.

2: Market Researcher

I am very good at conducting research. I have conducted couple of market researches like measuring brand loyalty of Pepsi, Coke and Aquafina etc. Therefore, this job would be right and good for me.

3: Marketing Consultant

I can work as an independent Marketing Consultant and provide different Marketing expertise  to clients, including SEO (search engine optimization - related to google), content Marketing and mobile marketing. I am very much proficient in this field as well, so this also can be right and good job for me.

3 0
2 years ago
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