Efficiency

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

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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