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Technical efficiency is
Technical efficiency refers to how productive a business can be given the fewest resources necessary to do a job.
Expert answered|Victoria123|Points 126|
Question|Asked by CheChe411
Asked 5/2/2015 10:36:04 PM
Updated 5/2/2015 11:29:58 PM
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This answer has been confirmed as correct and helpful.
Edited by selymi [5/2/2015 11:29:56 PM], Confirmed by selymi [5/2/2015 11:29:58 PM]
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Questions asked by CheChe411
What is the technical relationship between inputs and outputs, which is needed to understand the difference between the short run and the long run, called?
Question|Asked by CheChe411
Updated 3/26/2016 10:29:12 AM
1 Answer/Comment
The technical relationship between inputs and outputs, which is needed to understand the difference between the short run and the long run, is called: A production function.
Added 3/26/2016 10:29:12 AM
This answer has been confirmed as correct and helpful.
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