How is operational efficiency of a plant defined

Assignment Help Microeconomics
Reference no: EM13317936

1. How is operational efficiency of a plant defined?

2. How does product function help in identifying operationally efficient plant?

3. Why do shifts in production function takes place & how does it affect operational efficiency?


Attachment:- 271613_1_455376943.doc

Reference no: EM13317936

Questions Cloud

Calculate sharon''s basis in the inventory received : The Watson Trust incurred the following items during the year. Partnership's Basis in Asset Asset's Fair Market Value Cash $80,000 $80,000 Inventory $130,000 $150,000 Land $90,000 $105,000 (I) Calculate Sharon's recognized gain or loss on the distrib..
State commodity in which each country has absolute advantage : State the commodity in which each country has absolute advantage. Identify the commodity of comparative advantage for each country. Justify your answer Indicate the gains to Zambia and Tanzania if the two countries exchanged 6 barrels of oil for 6 ya..
Graph shows number of workers along the horizontal axis : Graph shows number of workers along the horizontal axis and wages along the vertical axis. Coordinates are plotted to indicate a downward-sloping diagonal line
Keeping the law of diminishing returns in mind : Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
How is operational efficiency of a plant defined : Why do shifts in production function takes place & how does it affect operational efficiency?
What is the expected demand for gasoline at the end of this : At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%.
How many crates of grapes will it produce in a typical month : Ascaro incurs monthly total costs according to the function TC= 49+4q+q2 and monthly marginal costs according to the function MC= 4+2q, where q is the quanity of grapes produced bu Ascaro.
Relate the law of conservation of matter and energy : Relate the law of conservation of matter and energy to the air pollution problem; and
What is another action the government can take that would : If an effort to “maintain national security” government demands the wheat growers in America to produce Qs=16million pounds per year. The market can be expressed as P=120-3Qd and P=5Qs. What is the result of the government’s actions?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What stock portfolio exactly offsets amount of extra taxes

suppose that Ike is loss averse. In the morning, Ike's stock- broker calls to tell him that he has gained $1000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes an extra $1000 in taxes.

  Demand for money to cover unexpected expenditures

The demand for money to cover unexpected expenditures and to meet emergencies is known as

  Economics production cost

Distinguish between explicit and implicit costs, giving examples of each. Differentiate between accounting profit, normal profit and economic profit.

  Explain underlying purposes of the antitrust policy

Using the "Monopoly" model found in the Chapter 10 "Origin of Idea" module, explain why a monopoly will never operate in the inelastic portion of the demand curve? What are the underlying purposes of the antitrust policy in the United States? Thes..

  Airline price discrimination

Airlines practice price discrimination by charging leisure travelers and business travelers different prices. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do no..

  Explain the differences between the two demand functions

One can derive a demand function for health and for medical services from the Grossman model. Explain the differences between the two demand functions. Why does demand for health and for medical services depend on age?

  Calculate the currency-deposit ratio

Suppose the central bank conducts an unusually large open market purchase of bonds held by banks of $1,400B due to a sharp contraction in the economy. Assume the ratios you calculated in part (a) remain unchanged, what do you predict will be the e..

  Calculate the government revenue consumers tax incidence

Calculate the government revenue, consumers’ tax incidence, producers’ tax incidence, and deadweight loss in both Beijing and Qingdao due to the excise tax in each city.

  Stay lower based on the new technology

why is it so certain that price elasticity will cause those prices to return to levels they were at instead of staying lower based on the new technology?

  Define cournot-stackelberg-bertrand-and collusion models

Consider an industry described as a duopoly consisting of two symmetric firms producing homogeneous product. Inverse demand function is P = 1500 -10Q and each firm has a marginal cost of $20 with fixed cost of zero.

  Information on production and cost

Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?

  What direction does the interest rate go

Suppose that there is a cultural shift in America emphasizing the importance of saving money as opposed to current consumption. a.) Illustrate the impact on the interest rate in the market for loanable funds. What direction does the interest ra..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd