Question: When a manager is using a technically efficient input combination, the firm is also producing in uneconomically efficient manner. Evaluate this statement.

“When a manager is using a technically efficient input combination, the firm is also producing in uneconomically efficient manner.” Evaluate this statement.

Step by Step Solution

★★★★★

3.31 Rating (183 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The statement is not true Technical efficiency is achieved when the ... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

68-B-A-G-F-A (1568).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

When a manager is forecasting cash flows for a potential project, do you think the forecasts are biased in any way? If so, how can you mitigate this bias?

Suppose a manager is using maximum EMV as a basis for making a capacity decision and, in the process, obtains a result in which there is a virtual tie between two of the seven alternatives. How is...

In 2012, Fleming Chemicals used the following input combination to produce 55,000 gallons of an industrial solvent: Materials ...................... 33,000 lbs. Labor .............................

1. When a manager is using a technically efficient input combination, the firm is also producing in an economically efficient manner. Evaluate this statement.

whena managaer is using a technically efficient input combination, the firm is also producing in an economically efficient manner, evaluate this statement

When a manager is using a technically efficient input combination, the firm is also producing in an economically efficient manner". In the context of this statement, explain: a.Production Function b....

When a manager is using a technically efficient input combination, the firm is also producing in an economically efficient manner". In the context of this statement, explain: I) Production Function ....

1)"When a manager using a technically efficient input combination, the firm is also producing in an economically efficient manner." Is the statement true/false? Explain.

Make the summary of the following chapter "Basic Elements of Planning and Decision Making" . Obviously, insurance companies incur immense risks because of the number of policies they issue, but you...

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Obviously, insurance companies incur immense risks because of the number of policies they issue, but you may not know...

Court Services Inc. provides a variety of legal services to its clients. The firm's attorneys each have the authority to negotiate billing rates with their clients. Court Services wants to manage its...

Consider the initial-boundary value problem on the interval 0 0 u(0,t)-u(0,1)=0, u(1, t) + u(1,t) = 0, u(x,0) = f(x), t>0 t>0 0

Change the confidence level to 99%. Repeat the parts of Exercise

Define the key metrics that track the performance of the supply chain in terms of each driver.

The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or can be accessed at corporate.marksandspencer....

Access the Codification glossary (Master Glossary) to answer the following. (a) What is the definition provided for an intangible asset? (b) What is the definition of goodwill? (c) What is the...

Your friend Harry does not understand the concept of an indefinite-life intangible asset. He wonders, Does this mean the life is infinite? What does the authoritative literature say about...

What is the total return for a mutual fund with the following characteristics? All mutual funds carry the same level of diversification and exposure to risk. True False Mutual fund fees and expenses...

Discuss the concept of buffering and explain how a buffer cache improves I / O performance. What are the potential drawbacks of buffering and how can they be addressed?

Please help me understand the equations for this Use the information below to answer Questions #16 - 18. 28% of US. adults favor the use of unmanned drones by police agencies. Twelve US adults are...