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Oliga [24]
3 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]3 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.

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In the context of management skills, Abram has strong technical skills.

<h3><u>Explanation:</u></h3>

Skills are very essential for the determination of success of a person in his career. There are many skills such as interpersonal skills, communication skills, technical skills, management skills,etc. The skills that are very essential in performing certain tasks refers to the technical skills. These are associated with IT, math and science.

In the scenario given, Abram  who is a manger in Runa Marcus Corp.,. Apart from his managerial skills he possess creative writing skills and expertise in photo-editing software. Thus he has stuffs in doing specific task such as working with photo-editing software. Thus, he has strong technical skills.

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Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 De
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Which of the following factors cause a decline to both price and the quantity being sold?An increase in demand No change in dema
Rina8888 [55]

Answer:

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Create, share, and put procedures into action. The complicated choreography of different students, spaces, and materials that centers entail. Teachers are responsible for developing thorough procedures, explaining them to pupils, and giving them enough time to practice them until they become second nature.

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Give students meaningful tasks: Centers activities in all subject areas should be engaging, difficult, and, whenever possible, give students a chance to practice skills in real-world contexts. This means that activities should assist students in making connections between their classroom learning and real-world situations or in forming practical habits of mind.

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