When plant and equipment are underused because firms are producing an output which is less than economic

Fantastic news! We've Found the answer you've been seeking!

Question:

When plant and equipment are underused because firms are producing an output which is less than economic capacity this is known as ______ Multiple choice question. productive efficiency allocative efficiency opportunity costs excess capacity

Posted Date: Jun 13, 2024 04:13 AM

See More Questions

(Appendix) Elke Ginter operates a health-food bakery that uses specially ground flour in its products. The bakery operates 360 days a year. Elke finds that she seems to order either too much or too...
Domino Foods, Inc., manufactures a sugar product by a continuous process, involving three production departmentsRefining, Sifting, and Packing. Assume that records indicate that direct materials,...
As Sony begin production of their new product, Playstation Move, can you define the following costs and explain the short run influences on a)total cost b)average cost and c)marginal cost. Illustrate...
What are the advantages of using the SML approach to finding the cost of equity capital? What are the disadvantages? What are the specific pieces of information needed to use this method? Are all of...
FA II: Assignment 2 - Prepare a Cashflow Statement Rosewood College O Assume the following selected income statement and balance sheet information for Larriet Inc.: Larriet Inc. Balance Sheet...
Helena purchased a passenger automobile on March 2, 2022. She paid $66,000 for the automobile and can support business use of 80 percent. Calculate the amount of depreciation (half-year convention)...
Student Name: Section: Assignment 1: Introduction to ValuationXanadu Monetary Corp. (XMC) is a company based in the small island country of Baldavia. There has been a recent change in Baldavia's tax...
I wanted to know if you could do a conclusion of 2 pages based on race and incarceration in the paragraph at the bottom. Also, can you turn the conclusion into five short bullet points. After the...
a. In nucleotide-based alignment, one algorithm to update scores in comparing two nucleotide sequences is shown below (8 is gap penalty; vi and wj are two nucleotides being compared; u is a...
Independent Total Total Cases Revenues Expenses Net Earnings (Loss) Total Total Shareholders' Assets Liabilities Equity A $ 99,700 $ 84,140 $ 148,200 $ 76,200 B 78,240 15,540 115,880 86,210 C 70,060...

When plant and equipment are underused because firms are producing an output which is less than economic

Question:

Expert Answer:

Students also viewed these economics questions