MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... efficient way of producing ? There are two concepts of efficiency : technological efficiency and economic efficiency . Technological effi- ciency occurs when it is not possible to increase out- put without increasing inputs . Economic ...
... efficient way of producing ? There are two concepts of efficiency : technological efficiency and economic efficiency . Technological effi- ciency occurs when it is not possible to increase out- put without increasing inputs . Economic ...
˹éÒ 223
... efficient , there is always a lower cost - method available . That is , a technologically inefficient method is never eco- nomically efficient . Although b is the economically efficient method in this example , method a or d could be ...
... efficient , there is always a lower cost - method available . That is , a technologically inefficient method is never eco- nomically efficient . Although b is the economically efficient method in this example , method a or d could be ...
˹éÒ 480
... efficient market . In an efficient mar- ket , it is not possible to forecast a future price change and profit from that forecast . A foreseen price change is acted on immediately , and the actual price adjusts to eliminate the profit ...
... efficient market . In an efficient mar- ket , it is not possible to forecast a future price change and profit from that forecast . A foreseen price change is acted on immediately , and the actual price adjusts to eliminate the profit ...
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