--%>
Assignment Help - homework help

Requirement of technically efficient for production

I need a good answer on the topic of Economic problems. Please give me your suggestion that for production to be technically efficient needs that the: (i) Maximum benefits are acquired at the highest possible cost. (ii) Opportunity costs of production are at their lowest possible value. (iii) Economy operates at less than full employment. (iv) Value of output produced is fewer than the value of output forgone. (v) Technology utilized uses the least energy possible.

   Related Questions in Public Economics

  • Q : Best theory according to razor of Occam

    I need a good answer on the topic of Economic problems. Please give me your suggestion that as per to Occam's razor, the excellent theories are: (v) The most logical and complex. (w) Ideal mirrors of each aspect of reality. (x) Simply proven by using

    		•
  • Q : Determine broad distributive economics

    Economy-broad efficiency: (w) may only be got in a command economy. (x) is classically the most significant goal of public policies. (y) has little to do along with price or market conditions. (z) needs that additional gains to anyone entails losses t

    		•
  • Q : Existence of scarcity for human survival

    Please help me to solve the problem of scarcity that is given below: Why is Scarcity existed for human: (1) survival requires unlimited resources, (2) needs are enormous relative to the means obtainable to satisfy

    		•
  • Q : In fundamental economic each society

    I need a good answer on the topic of existence in society economically. Please give me your suggestion that The fundamental economic questions that each society should address contain: (i) what, how, and for whom,

    		•
  • Q : Describe the scientific roles of

    Can anybody suggest me the solution for given problem regarding scientific roles of economists in economics generally. Economists, in their scientific roles: (w) hardly ever choose anything. (x) choose much of econ

    		•
  • Q : People thinking about invisible hand of

    Adam Smith’s “invisible hand” consider as to a process through which people think: (w) trying to serve their own interests also exploit social well being. (x) rely upon democratic governments to make main economic decisions. (y) base

    		•
  • Q : Prohibition in illustrations of

    Illustrations of normative statements would not comprise assertions which: (1) premeditated murderers deserve the death penalty. (2) Leonardo DiCaprio is a terrible actor. (3) AIDS and HIV are transmitted through sexual contact. (4) women must be paid

    		•
  • Q : Worse off and better off condition in

    When an economic change makes one person worse off and one thousand persons better off, this is: (1) good for society. (2) bad for society. (3) neither bad nor good for society. (4) not possible to assess without a va

    		•
  • Q : The closest illustration of a free good

    Which would be the closest illustration of a free good: (1) A can of tuna bought along with food stamps, (2) dead leaves which require raking into fall, (3) water through a drinking fountain at a park, (4) a sample of soap acquired in the mail and (5)

    		•
  • Q : When recently develope theory least

    Recently developed theory is least probable to evolve in common sense when this fails to: (i) conform to the principle of Occam’s razor. (ii) be consistent along with extensively-accepted previous theories. (iii) have realistic assumptions. (iv) accurately descr

    		•