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

  Explain why this manager might nonetheless have a strong

Explain why this manager might nonetheless have a strong incentive to maximize the firm’s profits.

  What cab be a perfectly elastic supply curve

Elasticity of demand is a measure of the responsiveness of  to changes in price. Over time the elasticity of supply for a particular good or service tends to become  A tax on a service that has a relatively elastic demand and a relatively inelastic s..

  Define attempts to produce where price equals marginal cost

Compare and contrast your local utility company with a local farmer (corn, soy bean, cotton, etc.). Why does your utility company always operate with price is greater than marginal cost whereby the farmer attempts to produce where price equals mar..

  Calculate how much will the profit or loss

Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

  Conduct an online search related to recent within 1 year

Conduct an online search related to recent (within 1 year) developments in speech (voice-recognition) technology. Discuss the current status of speech technology as a viable business application

  What is the greater number of different goods available

The greater the number of different goods available in an economy, A) the less likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop B) the less likely it is that a double coincid..

  Determine what types of specification errors you might encou

Select a model that you have some experience with and determine what types of specification errors you might encounter. Provide examples to support your response.

  Current values and ethics article

Current Values and Ethics Article

  What kind of demand does walmart''s products have

hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?

  Find the current price is higher than equilibrium price

Owners of Sizzling Foods can earn a 14% rate of return on that land it they leased it others as a parking lot and while the last nurse hired treated 1,000 extra patients in a year. If doctors make $40,000 a year, what do nurses make?

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  What advantages do convertible bonds have for issuing firm

What is a convertible bond and why do investors find such bonds attractive? What advantages do convertible bonds have for the issuing firms? What stakeholder group might be harmed when a firm issues convertible bonds?

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