Examlex
A person who is oriented toward task and technical concerns and has a low tolerance for ambiguity is ______ in his decision-making style.
Criterion
A principle or standard by which something can be judged or decided.
Efficiency
The optimal allocation of resources to produce goods and services in a way that maximizes output with the least waste or cost.
ATC Curve
A graph showing the average total cost of producing different quantities of a good, illustrating how costs change with output levels.
Efficient
The characteristic of a resource allocation where it is impossible to improve the situation of one party without worsening the situation of another.
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