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Business Analytics · End Term · 11 Dec 2022 · September 2022 term · Set ETD1

Business Analytics End Term 11 Dec 2022 — Question 18

Question 18

+2 marksOne correct option

What is the productive efficiency frontier?

  1. A

    It is an aspect of economic efficiency focussing on maximizing the output under given constraints (without worrying about optimal allocation, or choice of products).

  2. B

    Effective usage of technology for allocating resources optimally

  3. C

    Consists of all combinations of outputs such that the production of one product cannot be increased without sacrificing the output of the other (without any change in technology)

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Correct answer

  • C

    Consists of all combinations of outputs such that the production of one product cannot be increased without sacrificing the output of the other (without any change in technology)

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Question 18 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 11 Dec 2022, in the September 2022 term (IIT M DIPLOMA AN1 EXAM ETD1 11 Dec 2022). It carries 2 marks.

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