--%>

Example of Productive Efficiency in Economic

If six units of capital can be substituted for one unit of labor without changing total steel output, whereas 4 units of capital can be substituted for one unit of labor without changing the output of wheat, at that moment: (w) there is an optimal allocation of resources in between wheat and steel. (x) this would be more efficient when labor was reallocated from wheat to capital and steel was reallocated from steel to wheat. (y) this would be more efficient to reallocate labor by steel to wheat and capital by wheat to steel. (z) there is inadequate information to answer above question definitively.

Please suggest me your advice for the same.

   Related Questions in Public Economics

  • Q : Illustrate positive economic analysis

    Income tax rates were cut during 1981 year, and again in 2001 year. A question is here that, at least in theory, may be resolved through positive economic analysis is: (w) How do changes in tax rates influence employment and national

  • Q : Illustrations of economic bads included

    How can determine where would be illustrations of economic “bads” included. Please suggest me the accurate answer: (i) loud stereo systems,. (ii) beautiful sunsets caused through high levels of air pollution, (iii) golf courses built upon abandoned garbage

  • Q : Comparative Systems- Central planning

    Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the

  • Q : With whom is Economists LEAST concerned

    Economists are LEAST related along with the: (w) gains and losses from changes in government policies. (x) adjustments people make when tax structures change. (y) causes of inflation and unemployment. (z) ethics of political campaigning.

  • Q : Why scientific analysis not used to

    Scientific analysis can’t be used to test the economic assertion which: (w) all nation within the world allocates several economic resources from government agencies. (x) most transitional economies consist of experienced difficulties of falling output and incre

  • Q : Current situation- better off without

    When it is possible to make somebody better off without making anybody worse off, the current condition is: (w) efficient. (x) inefficient. (y) optimal. (z) simply enhanced. How can I solve my problem of Economic Efficiency

  • Q : Economic capital and recipes for

    The knowledge embodied within economic capital and the “recipes” people make use of to combine materials, energy and other resources therefore production happens are commonly considered to as which one: (i) The production function, (ii) Ca

  • Q : People moods towards Positive Economics

    Average men are innately further perceptive than average women within ascertaining people’s moods and predicting behavior, when average women classically have relatively better depth perception and intrinsically more precise geometric intuition. So, the precedin

  • Q : Problem on Private ownership of property

    I have a problem in economics on Private ownership of property. Please help me in the following question. The hallmarks of ‘pure’ capitalism are illustrated by the: (1) Absence of productive and allocative efficiency. (2) Interaction of th

  • Q : Ratios of proportional changes in

    he ratios of proportional changes within related variables are expressed numerically termed as: (1) interdependency coordinates. (2) best linear unbiased estimators (BLUE). (3) elasticity coefficients. (4) relative betas. (5) beta feedback estimates.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1448398 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1952422
    Asked

    3,689

    Active Tutors

    1448398

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.