Question: Productive efficiency implies that a . there are too few resources stvailable. b . there are too many resources available. c . it is possible

Productive efficiency implies that
a. there are too few resources stvailable.
b. there are too many resources available.
c. it is possible to obtain gains in one area without losses in another.
d. it is impossible to obtain gains in one area without losses in another.
Productive efficiency implies that a. there are too few resources stvailable.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Productive efficiency implies that a . it is possible to obtain gains in one area without losses in another. b . there are too few resources available. c it is impossible to obtain gains in one area...

Q:

Productive efficiency implies that it is possible to obtain gains in one area without losses in another. it is impossible to obtain gains in one area without losses in another. there are too few...

Q:

please help me with these question 31. Which of the following will not cause a movement along the supply curve? a. Changes in the sellers' expectations. b. Increases in taxes per unit of output. c....

Q:

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

Q:

1) Identify and describe the role of supply and demand and equilibrium in a market economy in terms of efficiency advantages as applied to the problem of scarcity and (course objective 1) Utilize the...

Q:

Learning Objectives By the end of this section, you will be able to: Interpret production possibilities frontier graphs Contrast a budget constraint and a production possibilities frontier Explain...

Q:

Budgeting for Nonprofit Organizations Although budgeting is just as important for nonprofit organizations as for for-profit companies, the approach taken toward budgeting can be very different. In...

Q:

Budgeting for Nonprofit Organizations Although budgeting is just as important for nonprofit organizations as for for-profit companies, the approach taken toward budgeting can be very different. In...

Q:

5 Attraction to Groups Learning Objectives What We Will Be Investigating What makes a group work most efficiently? What techniques are available to make group members feel more as if they are part of...

Q:

Board CHAPTER 1 Economics: Foundations and Models n this book, we use economics to answer questions such as the following What determines the prices of goods and services from bottled water to smart...

Q:

Imagine that you have recently been hired as a human resources consultant by a Canadian multinational enterprise (MNE) called Leopold Industries (Leopold) . Leopold designs, manufactures, and sells...

Q:

Crazy Canucks is a small, family-owned retailer specializing in alpine ski and snowboard equipment located in Squamish, B.C. An income statement for the ski departments most recent month is shown...

Q:

Write about the new South as a person who is living your life as a sharecropper.

Q:

Multiple-Level Break-Even Analysis Nielsen Associates provides marketing services for a number of small manufacturing firms. Nielsen receives a commission of 10 percent of sales. Operating costs are...