Question

productive efficiency is obtained when production is​

Answer 1

Answer:

In other words, productive efficiency occurs when a good or a service is produced at the lowest possible cost. In simple terms, the concept is illustrated on a production possibility frontier (PPF), where all points on the curve are points of productive efficiency.

Answer 2

• Productive efficiency is obtained when production is done in a systematic and cost-efficient manner.
• Every business form aims to produce search goods that are efficient and provide utility to the customers by satisfying his or her wants.
• The other objective of production is optimum utilization of resources to prove that the money of the organization is not wasted while doing some unproductive work.