""Economics of Efficiency"" is a comprehensive book written by Norris A. Brisco, which highlights the importance of efficiency in economic systems. The book presents a detailed analysis of the concept of efficiency and its role in the functioning of markets and businesses. It covers various topics such as production theory, cost analysis, market structures, and competition.The book begins by introducing the concept of efficiency and its different types. It then delves into the production theory, explaining the factors of ...
Read More
""Economics of Efficiency"" is a comprehensive book written by Norris A. Brisco, which highlights the importance of efficiency in economic systems. The book presents a detailed analysis of the concept of efficiency and its role in the functioning of markets and businesses. It covers various topics such as production theory, cost analysis, market structures, and competition.The book begins by introducing the concept of efficiency and its different types. It then delves into the production theory, explaining the factors of production, production functions, and the concept of economies of scale. The author also discusses the cost analysis, including the different types of costs, cost curves, and the relationship between costs and output.The book then moves on to market structures, explaining the different types of markets such as perfect competition, monopolistic competition, oligopoly, and monopoly. It highlights the role of efficiency in each market structure and how it affects the pricing and output decisions of firms.The author also discusses the concept of competition and its impact on efficiency. He explains how competition drives firms to become more efficient and how it benefits consumers by providing them with better quality products at lower prices.Overall, ""Economics of Efficiency"" is an insightful book that provides a comprehensive understanding of efficiency and its role in the economy. It is an essential read for students, researchers, and professionals interested in economics, business, and management.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
Read Less