--%>

Firm-production similar to output with less of one resource

When a firm could produce at least similar output with less of one resource and no additional of any other, mix of resources of the firm is technologically: (w) and economically efficient. (x) efficient, but economically inefficient. (y) inefficient, but economically efficient. (z) and economically inefficient.

I need a good answer on the topic of Economic problems of production. Please give me your idea.

   Related Questions in Public Economics

  • Q : Explain TANSTAAFL TANSTAAFL is an

    TANSTAAFL is an acronym suggestive of that: (1) Tax agents never observe the awful influences from levies. (2) Tenants and needy must take all assets by landlords. (3) There ain't no all things like a free lunch. (4) Temperance and non satiety togethe

  • Q : Capitalism as a decentralized decision

    The idea that a virtue of the capitalism is its decentralized decision making appeared when: (i) Social philosophers looked for the alternatives to feudal kings as the economic regulators. (ii) Russian imperialism fostered anti-communist sentiment fol

  • Q : Effect of current investment Can

    Can someone help me in determining the right answer from the given options. Expanding the current investment associative to current consumption most directly raises an economy’s rate of: (1) Stagnation. (2) Capital absorption. (3) Economic growt

  • Q : Example of Normative Economic Goals

    Please help me to solve the problem of Normative Economic Goals that is given below: Almost everybody in the world would favor a normative economic aim that people all over must have: (i) high standards of living.

  • Q : Primary comprehensive work in economics

    The primary comprehensive work upon economics within English was written via Adam Smith (1776 year) and entitled. An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand. (2) Wealth of Nations. (3) Movements of Prices in Competition. (4) Incomes of D

  • Q : Determine the positive technical

    Which of the given is a positive technical statement? (i) The Miss America contest is sexist and tasteless. (ii) The moon is made of green cheese. (iii) Microsoft’s record of innovation justifies Bill Gates’ incredible wealth. (iv) Capitalism improves peop

  • Q : Socialism-ownership of non-human

    Can someone please help me in finding out the right answer from the following question. A faith that most of the nonhuman resources must be owned, not by the private individuals, however instead ‘by everyone’ in common, with the govt. as t

  • Q : Incentives to create and to use goods

    Please help me to solve the problem of prices which is given below: Information regarding incentives to create and to use goods efficiently is imbedded most directly within: (i) Relative prices. (ii) Normative econ

  • Q : Major foundations of capitalism Can

    Can someone help me in finding out the right answer from the given options. Major foundations of the capitalism are as: (1) Private property and laissez faire govt. (2) Government enforcement of contracts and equivalent opportunity for all. (3) The ri

  • Q : Human choices and consequences in

    Economics as like a Science is most relates with: (a) human consequences and their choices. (b) mathematical formulas to compute profit. (c) how government agencies price services and goods. (d) wealth accumulated through private ente