productive efficiency occurs at the point where course hero

What is the relationship between production efficiency and tradeoffs?

Productive efficiency For a firm this occurs at the minimum point of the ATC from ECN 203 at Syracuse University

When is resource use efficient?

4- Production efficiency occurs when production A) Is at a point beyond the production possibilities frontier. B) Is on the production possibilities frontier or inside it. C) Is at any attainable point. D) Is on the production possibilities frontier.

What is the comparative advantage in production of good X?

There are different types of efficiency 1 Productive efficiency This occurs when from ECO 101 at St. John's University

What do economists assume about rational people?

Economists assume that people are rational in the sense that#N#A. they do not respond to economic incentives.#N#B . they use all available information as they take actions intended to achieve their goals.#N#C. they make decisions based on​ total, rather than​ marginal, variables.#N#D. they generally make the correct choices.

How many bank robberies were there in 2015?

According to the FBI Bank Crime​ Statistics, there were more than​ 4,000 bank robberies in the United States in​ 2015, an increase of 3.9 percent over 2014. The FBI claims that banks have made themselves easy targets by refusing to install clear acrylic​ partitions, called bandit barriers​, that separate bank tellers from the public.