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In a Short Essay,discuss the Difference Between Efficiency and Effectiveness

question 107

Essay

In a short essay,discuss the difference between efficiency and effectiveness.Include specific examples to support each concept.


Definitions:

Consuming

The act of using goods and services to satisfy needs or wants.

Maximizing Utility

The process of choosing the most satisfying option among available choices based on preferences and constraints.

Marginal Utility

The augmented utility or contentment a person obtains by consuming an extra unit of a good or service.

Smoothie

A thick, smooth drink made from blended raw fruit, vegetables, and sometimes dairy products, typically served cold.

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