What does productive efficiency mean

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Reference no: EM131805824

What does productive efficiency mean? How is it represented on a production possibilities curve? How do we determine if someone is unemployed?

Reference no: EM131805824

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Find an expression for the firm total cost : (a) Find an expression for the firm's total cost function in the long run.

Problems of collective action-public goods : Problems exist within the firm. There were problems of collective action, public goods, knowledge problems, and perverse incentives to name some.

What is the equilibrium wage rate after immigration : What is the equilibrium wage rate after immigration? How many workers would be hired? How many domestic workers would be hired?

What does productive efficiency mean : What does productive efficiency mean? How is it represented on a production possibilities curve? How do we determine if someone is unemployed?

What was the total amount of manufacturing costs assigned : Materials costs of $600000 and conversion costs of $435000 were charged. What was the total amount of manufacturing costs assigned to the units transferred out?

What is profit management : How does Mises' system of dividing components of business help direct profits to efficient units? How does this relate to decision rights?

Maximum output that can be produced : The firm would like to know the maximum output that can be produced for $9,000. Find the combination of inputs that maximizes output for a cost of $9,000

Combination of inputs that maximizes output : The combination of inputs that maximizes output for a cost of $9,000 is: K = units and L = units, and the amount of output that can be produced is units.

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