Ask Question
BusinessBusiness
5 August, 10:01

Economists define an efficient use of resources as a situation where

+4
Answers (1)
  1. 5 August, 13:22
    0
    According to economists the efficient use of resources is a situation where one person can be made to look better in the scenario, but only by making another person look worse. Inefficient use of resources or insufficient resources brings scarcity in the economy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economists define an efficient use of resources as a situation where ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Marginal benefit is the benefit that your activity provides to someone else. a. True b. False
Answers (1)
The following data pertain to Dakota Division's most recent year of operations. Income $ 4,950,000 Sales revenue 57,500,000 Average invested capital 10,000,000 Required: Compute Dakota Division's sales margin, capital turnover, and return on
Answers (1)
The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $728,400, Delivery Expense $12,780, Sales Returns and Allowances $25,320, and Sales Discounts
Answers (1)
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.
Answers (1)
Third generation currency crisis model definition
Answers (1)
New Questions in Business
What three requirements do you have of a financial institution?
Answers (1)
Leaders: a. embrace change. b. tend to do the work themselves rather than delegate it to others. c. are mainly concerned with tactical issues as opposed to change issues. d. strive to maintain order and stability.
Answers (1)
The annual revenue of the tie-dye t-shirt operation is currently $5,000 but is decreasing by $500 each year. how fast are annual sales changing?
Answers (1)
An increase in money income: a. Shifts the consumer's budget line to the right. b. Shifts the consumer's budget line to the left. c. Increases the slope of the budget line. d. Has no effect on the budget line.
Answers (1)
Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year are $80,000. they agree to share profits and losses as follows:
Answers (1)
Home » Business » Economists define an efficient use of resources as a situation where
Sign Up Forgot Password?