e production possibilities

Q: elow to identify four renewable and four nonrenewabl

A: It is a type of resource that, in terms of human timelines, are basically limitless because it can…

Q: What types of farming occur near Mississauga, Ontario? Why?

A: Cash crops like  oilseed and grain farming –– fruits and vegetables,  soybeans and corn – are the…

Q: Factors of production

A: The final goods and services served in the market for the consumers. There are some factors that use…

Q: What will be produced in economic and how it will be produced?

A: The economic questions arise because of the scarcity of resources and the unlimited wants. Economies…

Q: As a social entrepreneur, what specific community will you help and how will you do it?

A: A social entrepreneur's work is social entrepreneurship. A social entrepreneur is someone who…

Q: how do you deal with opportunity cost

A: Opportunity cost is the cost or value of the next best alternative which an individual foregoes to…

Q: How did computers and communications impact the global economy?

A: Answer -   Global Economy:- It is addition of the all the domestic economy is termed as the global…

Q: what is micro economy?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: How is the business enterprise organized

A: The five most important steps in the process of starting a business a successful manner . Following…

Q: what are The challenges of growing a business?

A: For many entrepreneurs, starting a firm is a huge accomplishment, but maintaining one is a greater…

Q: What are the important forms of production?

A: The concept depicts the way in which businesses tend to take inputs and then convert them into…

Q: (Collusion and Cartels) Use revenue and cost curves to illustrate and explain the sense in which a…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: hat initiatives are useful in improving profits?

A: Since businesses are experiencing different types of fundamental transformations due to…

Q: opportunity cost of producing a product from zero

A: Opportunity cost is the benefit that can be driven by not choosing the other alternative.

Q: What is economic system

A: An economic system is a method by which  governments or societies sort out and disperse accessible…

Q: What are good market?

A: Goods market: Goods market is a marketplace where producers and consumers interact with each other…

Q: What is Organization in terms of business?

A: In business, organization is an institution or an entity which consists of one or more than one…

Q: What goods and services—and how much of each—will be produced?

A: In a nutshell, an economy must distribute its resources and pick between several possible bundles of…

Q: What is meant by economizing of resources?

A: In our economy, we are not having unlimited resources. The resources are limited in nature and thus…

Q: What place does innovation have within your own organization and what suggestions would you make to…

A: Business entity is an integral part of the economic growth process. It is the business unit only…

Q: What is the impact of new technology?

A: The economy of a country will grow faster when positive changes in the economy occur. It can be…

Q: After reading an article about the importance of protecting trees and wild animals Farid joined a…

A: Answer: C. Ecological Value The concept of ecological value express the importance of natural…

Q: What are the contribution that an Entrepreneur gives to the society?

A: Firms use various factors of production to be able to produce goods and services for sale. These…

Q: What are the 4 factors of production

A: The production function shows the technical relationship between factor of production and the output…

Q: Hazel is thinking of making some of her operations sustainable. Construct some ideas that she might…

A: Hazel can perform the lawn service herself, saving money on hiring personnel.

Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).