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
Oliga [24]
4 years ago
9

The key distinction between technological efficiency and economic efficiency is that technological efficiency​ _______ and econo

mic efficiency​ _______. A. uses the newest available methods of​ production; uses the cheapest method of production B. concerns the quantity of inputs used in production for a given level of​ output; concerns the value of the inputs used C. occurs in larger firms that invest in research and​ development; occurs in firms that have a smaller scale of production D. occurs when the firm produces a given output at the least​ cost; occurs when the firm produces a given output by using the least amount of inputs.
Business
1 answer:
julsineya [31]4 years ago
8 0

Answer:

The correct answer is option B.

Explanation:

The main difference between technological efficiency and economic efficiency is that technological efficiency is concerned with the quantity of outputs used while economic efficiency is concerned with the value of inputs used.

Technological efficiency implies that a firm is producing a level of input using the least possible quantity of inputs. Economic efficiency occurs when a firm is able to produce a level of output at the least possible cost.

Technological efficiency does not require economic efficiency but economic efficiency require technological efficiency.

You might be interested in
How do you poop it out
ANEK [815]

Answer:

Uhhh what type of statement is this, is this a question???????

8 0
3 years ago
Read 2 more answers
A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these s
3241004551 [841]

Answer:

16.16%

Explanation:

The formula to compute the expected rate of return is shown below: -

Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)

= (16% × 10%) + (56% × 16%) + (28% × 20%)

= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)

= 0.016 + 0.0896 + 0.056

= 0.1616

= 16.16%

4 0
3 years ago
Financial literacy is the set of skills and knowledge needed to make informed decisions about __________. A. career matters B. m
Likurg_2 [28]

Answer: B. Money matters

Explanation: “Financial” means the management of money, so money matters would be the correct answer.

5 0
4 years ago
If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific
ruslelena [56]
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest. 
3 0
3 years ago
Read 2 more answers
If the supply and demand curves for a product both decrease, then equilibrium
zhuklara [117]

Answer:

Letter c is correct

Explanation:

In this case, the amount of supply will be smaller and the price may remain, rise or fall. The factor that influences this price behavior is the law of supply and demand, it will determine what will be the prices of a market. So if there is a balance between supply and demand, the most likely to happen is price stabilization, which can be changed more or less depending on other economic factors that may arise, such as the emergence of a competitor.

8 0
4 years ago
Other questions:
  • According to the spotlight on small business box titled "cutting back while cutting costs," overseas outsourcing is ____________
    15·1 answer
  • Nell and Kirby are in the process of negotiating their divorce agreement. What should be the tax consequences to Nell and Kirby
    14·1 answer
  • A patent is an exclusive right to produce and sell a product for how long
    8·2 answers
  • Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021. Edison purchased the equipm
    11·1 answer
  • Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
    15·1 answer
  • Alternative Production Procedures and Operating Leverage Assume Sharpie, a brand of Newell Brands, is planning to introduce a ne
    11·1 answer
  • Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of
    15·1 answer
  • compass Bank is offering an APR of 0.8 %compounded daily on its savings accounts. if you deposit $2,500 today, how much will you
    8·1 answer
  • The process by which ANZ bank's internal job descriptions are matched to external jobs with similar responsibilities to identify
    15·1 answer
  • On January 4, David Company acquired all of the net assets (assets and liabilities) of William Company for $ 145,000 cash. The t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!