Efficiency

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  • Created by: Tango21
  • Created on: 02-04-17 13:56
D Y O J R N X T F J P Y R G Q E L H V F N
O T Y O A O M K N S R L H S P M S E E L E
S H D T H I X P F U O P I K L O D G O F E
B V Y G T T V Y V H D S O Y J F R S P V S
P H N N L A A J F K U R X C O O E K M D G
J E A I D S L A M R C N Y N C D M W G L H
F D M L X I H P O F T C Q E C H I E X E C
D P I H F M Y D P G I O B I K A T D O T F
D G C A L I I Q T D V K X C V N J U G W M
K Q E V S X N C I F E H V I L O G W R R H
K B F N R A G W M L E Q B F W D K A J X E
X V F D T M B A U E F M V F E Y Q B O Y C
L T I C W T E E M F F C O E V M C D F U W
N Y C T K I D M O U I F C C P Q B N P I P
H N I A K F J U U N C I T I U J P V V D M
B W E P C O V J T C I G B T B F W P O S I
W C N T D R E C P I E Y V A I R N C N N A
E L C G F P W P U R N H P T A C A E G F S
R K Y C Q V N P T F C K T S O Q D H E E P
R C U K A K D L E K Y N D Q X V V M V A C
B Y Q B N N U O G Y D Y K S A B C P R A U

Clues

  • Efficiency at a point in time - includes allocative and productive efficiency (6, 10)
  • Efficiency over time - new products, techniques and processes which increase economic growth (7, 10)
  • MC=AC (10, 10)
  • MC=MR (6, 12)
  • The (optimum) combination of fixed and variable factors and variable factors that minimizes ATC (7, 6)

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