--%>
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 : Government as a trustee on nonhuman

    Can someone please help me in finding out the accurate answer from the following question. Government acts as the trustee over nonhuman resources beneath: (i) Laissez-faire capitalism. (ii) Socialism. (iii) Fee-simple property rights systems. (iv) Feu

    		•
  • Q : Which principle is simplest workable

    The principle which the simplest workable theory is also the fine is termed as: (i) positive analytics. (ii) minimalism. (iii) Occam's razor. (iv) simple-mindedness. (v) hypothesis testing. I need a good answer on the topic of

  • Q : Weather ruins crop-equilibrium

    When the soybean market is firstly in equilibrium on S0D0 and in that case severe weather ruins much of the crop, then the market moves to: (1) S1D0. (2) S1D2. (3) S2D0<

    		•
  • Q : Economic Capital and Per Capita Income

    Assume that half of our world’s people, arbitrarily selected, were vaporized by space aliens or teleported to the parallel universe, however no other feature of life on our Earth was influenced. Avoiding any disruptions to families or psychological trauma this c

    		•
  • 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 : Behavior of deliberately act in

    Deliberately acting in a way which cannot attain a wanted goal is: (w) rational behavior. (x) random behavior. (y) irrational behavior. (z) maximizing behavior. Can anybody suggest me the proper explanation for given problem regard

    		•
  • Q : Achieving economic welfare For any

    For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated

    		•
  • 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 : Excessive production as a problem Can

    Can someone help me in finding out the right answer from the given options. Governments which attempt to utilize ‘needs’ or ‘equality’ as the bases for distributing goods are NOT probable to: (1) Encounter extreme production as a problem. (2) R

    		•
  • Q : Property rights enforced by government

    In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab

    		•