Give the meaning of efficiency .state its main types?briefly explain
The efficiency may be defined as an the degree of optimality in the process of attaining economic objectives
Types of efficiency
Internal efficiency
External efficiency
Capital efficiency
Labour efficiency
3) In this class we have discussed two types of efficiency: allocative efficiency and productive efficiency. This question is intended to explore those concepts more deeply. Assume the market for milk is a perfectly competitive market. Briefly explain the meaning of allocative efficiency in this market. a. b. Briefly explain the meaning of productive efficiency in this market. Is there any other important gain or cost to society caused by the dairy market that is not C. included in our...
Explain economics in terms of positive and normative science?
Explain production possibility frontier or curve with the aid of schedule and diagram
-Explain TWO categories of big data types -Briefly explain TWO types of cloud computing. Give 1 benefit for each type
1. Briefly describe the key types of players in the global monetary and financial systems. 2. Briefly describe the main foreign exchange systems countries use. Give examples. 3. What were the key causes of the Global Financial Crisis of 2008-2009?
Chapter 5 1. Define micro-molecules and macromolecules. Explain the differences between these molecules a, b, and c, give an example of each. a) monosaccharides, disaccharides, and carbohydrates, and polysaccharides b) amino acids and proteins c) glycerol, fatty acids, and lipids 2. Explain the differences between complex carbohydrates, high fructose corn syrup, and nutritive sweeteners, alternative sweeteners. Explain the complicated side effects of high fructose corn syrup and nutritive sweeteners 3. Explain the differences between starch and glycogen, their function in...
The text identifies three key ideas that are foundations to the study of economics. Identify and explain each. Explain the differences between positive and normative analysis. Give an example of each that would be relevant in economics. 3. Explain the difference between productive and allocative efficiency. How do you think a centrally planned economy versus a market economy would perform under each measure of efficiency? Please write as much as possible
Explain what types of isolation are used while fabrication integrated circuits (IC). What are their main particularities? Sketch corresponding illustrations. Discuss briefly sequence of fabrication.
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university town of Avicenna produces two and only two commodities: yoga lessons, and triple lattes. The economy is able to produce any of the following combinations of yoga and lattes per day: CLO 1 [4 MARKS] Daily Production in Avicenna Combination Yoga Lessons Triple Lattes A 5000 0 B 4000 9000 C 3000 16000 D 2000 21000 E 1000 24000 F 0 25000 a) Using...
How does Managerial Economics Differ from Economics?briefly explain