optimal level

What Is Sub Optimal Capacity?

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What Is Sub Optimal Capacity? SUBQ = the extent of suboptimal capacity, defined as the percentage of industry shipments coming from sub-MES plants, 1968. … measured by expressing sales in 1968 as a percentage of sales in 1963. What is sub optimal level? Suboptimal means below the optimal (best possible) level or standard. The words

What Is The Socially Optimal Level Of Output?

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What Is The Socially Optimal Level Of Output? The output level that reflects all the costs and benefits associated with a transaction i.e. it is the equilibrium that would be achieved if the market outcome reflects the effect of externalities. What is the socially optimal level of output for a monopoly? The allocatively efficient quantity