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Business Analytics · End Term · 30 Apr 2023 · January 2023 term · Set QPD1-S2

Business Analytics End Term 30 Apr 2023 — Question 29

Question 29

+2 marksOne correct option

What is productive efficiency?

  1. A

    It is an aspect of economic efficiency focussing on maximizing the output under given constraints.

  2. B

    Productive efficiency does not worry about optimal allocation, or choice of products

  3. C

    Effective usage of technology for maximizing the revenue

  4. D

    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)

  5. E

    Both It is an aspect of economic efficiency focussing on maximizing the output under given constraints & Productive efficiency does not worry about optimal allocation, or choice of products

Show answer

Correct answer

  • E

    Both It is an aspect of economic efficiency focussing on maximizing the output under given constraints & Productive efficiency does not worry about optimal allocation, or choice of products

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Question 29 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 30 Apr 2023, in the January 2023 term (IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023). It carries 2 marks.

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