--%>
Assignment Help - homework help

Illustrates the problem of Productive Efficiency

At present, at Bob's Candle shop, Arjuna and Krishna share the jobs of making molds and making candles. Nonetheless, while Arjuna is best at making molds and Krishna is much better at creating the candles, then: (a) Bob’s shop is experiencing allocative although not productive efficiency. (b) Distributive efficiency could be enhanced when duties were rearranged. (c) Containing Krishna make candles and Arjuna make molds would raise productive efficiency. (d) There is intrinsic economic inefficiency since light bulbs are more efficient then candles.

Can anybody suggest me the exact explanation for given problem of Productive Efficiency. Please guys help me.

   Related Questions in Public Economics

  • Q : Explain the normative economic analysis

    Normative economic analysis: (w) involves only non-quantitative measures. (x) gives precise predictions of economic effects. (y) emphasizes a social science approach to problems. (z) is based upon value judgments.

  • Q : Define the economic theories Economic

    Economic theories are: (w) true with definition. (x) generally excellent in theory but wrong during practice. (y) made up of generalizations regarding economic behavior. (z) normative, whereas economic policy is more positive.

    Q : Modern sociobiologists concept

    Modern sociobiologists concept perpetuation of individual gene pool like the fundamental human drive, and give numerous illustrations of behavior which apparently conflict along with the economist's homo economicus supposition: Parents sacrifice their whole lives for

    		•
  • Q : Assignments I want it tomorrow night or

    I want it tomorrow night or before, please.

    		•
  • Q : Explain Economics as the extensive

    Economics can be explained as the extensive study of the effects of: (w) money and why having this is good. (x) production costs and profits. (y) how people attempt to gratify their boundless needs. (z) purchases, acquisitions and mergers.

  • Q : Fundamental fact of scarcity I want a

    I want a good answer on the topic of Economic problems. Please give me your suggestion that the basic fact of scarcity means that every decision includes: (i) Limitless time. (ii) Production costs. (iii) Restricted wants. (iv) Limitless resources (v)

    		•
  • Q : What does an unessential complicated

    Unessential complicated theories violate: (w) common sense. (x) the principle of nonsatiety. (y) the laws of demand and supply. (z) Occam's razor. Please gues I really need one good answer from the above options.

    		•
  • Q : Mixed economy of a market system

    Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

    		•
  • Q : Define cut costs without reducing the

    A firm which could cut costs without reducing the value of its output is experiencing as: (i) Allocative inefficiency. (ii) Productive inefficiency. (iii) Distributive inefficiency. (iv) Technological decline. Can

    		•
  • Q : Problem on public sector The word “

    The word “public sector” signifies to: (1) Stockholders and households. (2) Investors and Consumers. (3) Households and investors. (4) Democratic voting systems. (5) All actions of government. Find out the right answer from the above optio

    		•