If we want to produce more computers, we must give up the production of some cameras, which is referred to as production efficiency.
Production efficiency is a word used in economics to describe the point at which an economy or other entity can no longer produce more of one good without reducing the level of production of a different one. When production is allegedly taking place along a production possibility frontier, something occurs (PPF). The terms "production efficiency" and "productive efficiency" are interchangeable. Similar to operational efficiency, productive efficiency refers to how effectively something is performing. The mapping of a production possibility frontier is central to the economic idea of production efficiency. When analyzing economic operational efficiency, economists and operational analysts often additionally take into account a few more financial variables, such as capacity utilization and cost-return efficiency.
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Answer:
C. the study of strategy and strategic behavior.
Explanation:
Game theory is the study of strategy and strategic behavior. It is assumed that the parties involved are rational. The payoff of a player of a game is determined by the actions of others in the game.
A popular example of game theory is the prisoners dilemma.
A game theory can involve more than two players.
An example of prisoners dilemma:
There are two prisoners - if both confess to a crime, they both get 5 years in prison. If both prisoners don't confess they are set free. If one confess and the other doesn't, the prisoner that confesses 2 years in prison while the other prisoner that didn't confess gets 10 years in prison.
The dominant strategy which is the best option for the prisoner regardless of what the other prisoner does is to confess.
The Nash equilibrium is for both prisoners to defect.
I hope my answer helps you
Answer:
I'm going to say the answer is B ! I could be wrong but this is what i think :)
Explanation:
