
To choose: The term that best completes the given sentence.

Answer to Problem 4AA
The correct answer is capacity.
Explanation of Solution
Efficiency is the maximum production that a company can achieve with installed equipment at a particular time. It's really beneficial to know if the business is running at full efficiency. Economic efficiency means an economic system in which each resource is best distributed to every single person or company better, while reducing waste and inefficiency. Any changes made to support one citizen would benefit another, if an economy is economically competitive.
Introduction: The capacity of a factory to produce is called the capacity of a factory with the present resources and facilities it controls. For instance, the overall capacity will be 60 x 8 = 480 hours per day that is 60 machines in an industry which can be operated for 8 hours per day. So, the maximum capacity is 480 hours.
Chapter 13 Solutions
Economics Today and Tomorrow, Student Edition
Additional Business Textbook Solutions
Financial Accounting (12th Edition) (What's New in Accounting)
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Fundamentals of Management (10th Edition)
Operations Management
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
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