1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
-BARSIC- [3]
3 years ago
5

An economist defines efficiency as: a. ​ the maximization of inputs using available resources. b. ​ the maximization of revenue

from available resources. c. ​ the creation of a surplus using available resources. d. ​ the maximization of output from available resources.
Business
1 answer:
Viefleur [7K]3 years ago
4 0

Answer:

d. ​ the maximization of output from available resources.

Explanation:

Efficiency is a situation where every resource is used in an optimal way to give the best possible result and eliminate waste. Efficient production is one with the lowest costs.  Economic efficiency is, therefore, the maximization of scarce resources to achieve the most economic benefit or output to consumers.

Efficiency is a relationship between inputs and output. It involves around how to use less inputs to get more value in the output. Economic efficiency focuses on the value obtained rather than quantities. It will include efficient production, efficient distribution, and efficient consumption of goods and services.

You might be interested in
When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to: Group of answer choices 0.43 2.2
Ostrovityanka [42]

Answer:

2.29%

Explanation:

The computation of the debt to equity ratio using book value of equity is as follows;

As we know that

Debt to Equity Ratio = Debt ÷ Equity

where,  

Debt = $239.7 + $10.7 + $39.9    

= $2901.1

And, equity is $126.6

Now    

Debt to Equity Ratio is

= $290.1 ÷ 126.6  

= 2.29%

4 0
3 years ago
The spot price of silver is $20 per ounce. The storage costs are $0.30 per ounce per year payable quarterly in advance. Assuming
kirill115 [55]

Answer:

21.11176754

Explanation:

storate cost: 0.30

as the storage is continusly we use continuos interest rate:

0.30 / 4 = 0.075 per quarter

this is paid in advance so we calculate the present values of this payment

PV = 0.075 + 0.075e^{-0.04 \times 0.25} + 0.075e^{-0.04 \times 0.50}+0.075e^{-0.04 \times 0.75}

PV = 0.295552053

Now we solve for the future value of silver using also a continuos rate

F = (spot + storage) e^{0.04 \times 1}

(20 + 0.295552053)e^0.04 = 21.11176754

4 0
3 years ago
A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested dire
DIA [1.3K]

The given statement " A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested directors approve of the director's actions " is TRUE

Explanation:

A business opportunity applies to any business opportunity that a client may gain.

The Corporate Opportunity law controls the moral responsibility of directors, managers and managing stockholders in an organisation, with loyalty responsibilities, not to misuse such incentives without first offering to the corporate board the right to reject the opportunity on behalf of the company.

When these actions are broken and a director of the company takes the chance, then the trustee has abused his obligation to be trustworthy and will be able to maintain a constructive trust with the proceeds arising from the incorrect transaction.

8 0
4 years ago
What helpful information can you find at a company or distributor website
const2013 [10]
C.) how to research in design your own business
6 0
4 years ago
Read 2 more answers
What are the three factors which make an acceptable medium of exchange?
NNADVOKAT [17]
- equal

- value

- legality

Please vote my answer branliest! Thanks.
4 0
3 years ago
Other questions:
  • When filling out paperwork after you've been hired, you must have a:
    9·2 answers
  • Head-First Company had planned to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $45 (includes
    6·1 answer
  • Choose all that apply.
    8·1 answer
  • George offers to sell his car to Suzy for $10,000 on the coming Sunday, to which Suzy agrees. They write down the details on a p
    14·1 answer
  • Why are bylaws important to governors?
    13·1 answer
  • Hair combs were selling at a special price of 2 for $3.50. how many combs could you purchase for $12.25?
    9·1 answer
  • Under current accounting practice, intangible assets are classified as________.
    13·1 answer
  • The balance sheet of Tech Track reports total assets of $400,000 and $600,000 at the beginning and end of the year, respectively
    5·1 answer
  • Angela is nearly nine months pregnant. She has worked for her current employer on a full time basis for the last 8 months, and h
    5·1 answer
  • When effective communication affected your success at work
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!