Question

What is the relationship between efficiency and value?

Answer #1

Efficiency is the useful output received from the total input. Examples can be the reduction in the quantity of raw material used for producing a certain product or the reduction in labour required for producing the same product. Efficiency minimises the wastage of raw material, labour, energy, time etc.

Value is the worth or usefulness of a thing. Value of the same product can vary according to demand and supply.

When efficiency increases, value of the enterprise increases and the value of the product decreases. When the inputs are are most efficiently utilised, quality and quantity of the output increases leading to an increase in the value of the enterprise or business.

What is the relationship between efficiency and value?

two fundamental theorems of welfare economics describe their
relationship between competitive markets and Pareto efficiency.

1. What is the relationship between the value of an unlevered
firm and the value of a levered firm once we consider the effect of
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capital structure

What is the relationship between oxygen binding strength
and oxygen transport efficiency?
a.
Hemoglobin binds oxygen tighter than myoglobin, therefore
hemoglobin is a better O2 transporter
b.
Myoglobin binds oxygen tighter than hemoglobin, therefore
myoglobin is a better O2 transporter
c.
Hemoglobin binds oxygen weaker than myoglobin, therefore
hemoglobin is a better O2 transporter
d.
Myoglobin binds oxygen weaker than hemoglobin, therefore
myoglobin is a better O2 transporter

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