The output of productive efficiency occurs when a business in a given market or industry reaches the lowest point of its average cost curve implying an efficient use of scarce resources and a high level of factor productivity.
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Efficiency Advisor (Theory of the Firm)
- SKU: 02-4128-10401-01
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Efficiency Advisor (Theory of the Firm)
- SKU: 02-4128-10401-01
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- £5.00
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Grade Booster Digital+OCR GCSE (9-1) Economics
- 20-40 hours learning time
- 56 videos, downloads and activities
All students taking OCR GCSE (9-1) Economics
AQA A-Level Economics Calculation Practice BookAQA A-Level Economics Calculation Practice Book
- SKU: 02-4130-30241-03
Printed Edition
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- £6.95
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AQA A-Level Economics Calculation Practice Book
- SKU: 02-4130-30241-03
Printed Edition
- £6.95
A-Level Economics Literacy Skills WorkbookA-Level Economics Literacy Skills Workbook
- SKU: 02-4130-30339-01
Printed Edition
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- £7.95
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A-Level Economics Literacy Skills Workbook
- SKU: 02-4130-30339-01
Printed Edition
- £7.95