Question:
What is X-Efficiency?
Author: eric_galvaoAnswer:
-How Well a Firm can Lower its Costs down (Organisational Slack) -Productions Costs can possibly be Reduced at the same Level of Production. -X-efficiency is Caused by Misusing Factors of Production (Too Much Labour) or by Paying too much (high Wages)
0 / 5 Â (0 ratings)
1 answer(s) in total
Author
eric_galvao