Notes On The Meaning Of Efficiency

One of the main themes that Brave New World tries to get across is that efficiency is not necessarily a positive thing, especially in terms of the contemporary world and it’s constant improvement of technology to make life as convenient as possible. The author, Aldous Huxley, wrote a letter to George Orwell in 1949. "I feel that the nightmare of Nineteen Eighty-Four is destined to modulate into the nightmare of a world having more resemblance to that which I imagined in Brave New World. The change will be brought about as a result of a felt need for increased efficiency"(18). Huxley implies that even though we want everything to be as efficient as possible, it is not necessary. The book itself goes even further to show that efficiency can actually be dangerous when it is the main priority of a society.

In Judith Butler’s article “The Values of Difficulty”, in which she wrote in response to Denis Dutton’s article “Language Crimes: A Lesson in How Not to Write, Courtesy of the Professoriate”, she argues that complex ideas require complex language to develop societal change and challenge common sense. Butler shows how difficult language us useful, but I disagree with her overall claim. I do not think that intricate wording is needed for a logical point to be made.

The Productive Efficiency principle is all about using educational resources well and to eliminate waste. This can generally be accomplished either by increasing educational outputs while maintaining the same level of input, or by decreasing inputs while maintaining education outputs. It can also be accomplished through competition that stimulates innovation and puts pressure on underperforming schools to do a better job.

The cost-efficiency implies that the company introduces changes that allow the company saving costs without harmful effects of such changes on the quality of products and services of the company. For instance, the company can optimize internal business processes through their automation (Clarke, 2000). The automation of internal business processes saves time of employees which they can use more effectively, for instance, to increase their productivity. In such a way, the company enhances its performance and increases its revenues while its costs drop.

Productive efficiency occurs when the firm produces its output at the least possible cost per unit. This requires the firm to produce at the minimum point of its long-run average cost curve. Allocative efficiency occurs when the goods that are being produced are the ones consumers most prefer. In order to achieve these efficiencies, firms are required to produce where price (which measures the consumers marginal valuation of the last unit of the product) equals marginal cost (which measures the opportunity cost of using resources to produce the last unit).

20. (Perfect Competition and Efficiency) Define productive efficiency and allocative efficiency. What conditions must be met to achieve them?

The hypothesis Sandstrom and Dunn are testing in their (2003) article, “Is Efficiency Overrated?: Minimal Social Interactions Lead to Belonging and Positive Affect” is that the participants who treated the service provider like a weak tie would feel a more positive effect of belongingness and happiness, and be further satisfied with their service compared to treating them like a stranger. The previous research noted by the authors had instigated the focus on how a genuine social interaction with a stranger can bring feelings of belongingness and happiness.

What is efficiency? According to Farrell efficiency is production of maximum amount of outputs from given amount of input or alternatively minimum input quantities producing a given amount of output (Farrell, M.J.

A measure of efficiency can be produced by analysing the total surplus for a given market; this is seen by subtracting the total cost from gross consumption benefits. The higher the level of total surplus the more efficient production

Efficiency is important to producers, consumers, and society as a whole because the resources are scarce. The people have to decide to use the resources to increase its benefits. When a resource are used to produce goods and services it make it hard to use for another goods and services. So the best way to understand economy is to allocation resource is to produce more goods. In this type of economy production possibilities frontier (PPF) graph can be shown of the production of two goods. Producers could lose money if they produce a good and the demand of the produce is low because less people are going to buy the product. This effect consumer by how high and low the demand is. If the demand is high then the price of the goods is low. If the demand is low then the price of the goods is high.

Since it is impossible to satisfy the wants of society as a whole, what is attempt is to meet the specific needs of customers through efficiency -- "efficiency in the use of scarce resources" (Wadley, 20110). Economic efficiency is concerned with the relation between both

According to Palmer & Torgerson (1999), the concept of efficiency can be divided into three types:

Technical efficient position is accomplished when the maximum conceivable change in result is gotten from an arrangement of resource inputs. The idea of productive efficiency refers to the amplification of health result for a given expense, or the minimization of expense for a given result.

For any management team or executive, the pursuit to merge a good amount of these two qualities together requires some amount of sacrifice. To become highly effective, efficiency has to be first sacrificed after which it can be slowly increased without a considerable drop in effectiveness. This is the most accepted method used by managers because results matter to clients and customers instead of the cost of acquiring it.

This is said to be efficient because all of the consumers who want the good or service can buy it and all of the producers who want to sell a good or service can sell it.