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Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
What are the differences between technical efficiency and economic efficiency?
•Technical efficiency. A firm (or industry) products at lowest point where AC crosses MC.•Allocativeefficiency. P = MC = MR. Satisfaction is represented by demand curve. DD = SS. Equilibrium.
What is difference between effectiveness and efficiency and why?
effectiveness refers to the ability to produce the desired results. efficiency refers to the correctness of the produced result ex; effectiveness is like making an engine of high performance and efficiency is like the extent to which it works and reach the goal of the manufacture
Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
What is the relationship between the marginal rate of technical substitution and the efficiency of production processes?
The marginal rate of technical substitution measures how efficiently a production process can replace one input with another while maintaining the same level of output. A higher marginal rate of technical substitution indicates a more efficient production process, as it can easily adjust inputs to maximize output.
Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
What is a difference between technical proposal and financial proposal?
what is the difference between technical and financial proposal
What are the differences between technical efficiency and economic efficiency?
•Technical efficiency. A firm (or industry) products at lowest point where AC crosses MC.•Allocativeefficiency. P = MC = MR. Satisfaction is represented by demand curve. DD = SS. Equilibrium.
What is the difference between technical skills and technology skills?
nothing
What is the difference between christian medical college and a technical school?
The difference between christian medical college and a technical school is at a christian medical college, it is for christians and people trying to be doctors. Technical school is for people who want to do something that involves technology.
Difference between eff1 and eff 2 motors?
EFF1 is a high efficiency motor. EFF2 is a standard efficiency motor.
Is there a difference in cleaning efficiency between a canister vacuum and a broom-style vacuum?
No, the efficiency lies in the suction and brush types.
Difference between a SCM audit and a formal technical review?
aa
Difference between technical writing and composition writing?
The difference between technical writing and composition writing is that the technical writing deals with writing off on the basis of rules that must be thoroughly proofread, while composition writing deals with writing from your imagination, with no guidelines or rules.
What is the difference between the black LG Cookie and the white LG Cookie?
There is no technical difference between these two handsets other than the colour!!
What is the technical difference between desktop support and halpdesk?
Desktop support is the one doing the troubleshooting on hand. Helpdesk support is the one receiving the call and troubleshoot it remotely
Difference between capacity and efficiency?
Capacity is available space in which a product can be produced. Efficiency relates to time to produce including added labor.
