distinguish between potential output and actual output?

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distinguish between potential output and actual output?

2007-12-19 15:24:22 · 3 answers · asked by shiyan 1 in Education & Reference ➔ Homework Help

3 answers

John has the potential to make 8 widgets a day, but he's usually lazy and only produces 3.

2007-12-19 15:29:40 · answer #1 · answered by DANIEL G 6 · 0⤊ 0⤋

The potential output is the possible output which has not yet been reached. The actual output is what was reached.Actual is usually lower than potential.

2007-12-19 23:35:45 · answer #2 · answered by googie 7 · 0⤊ 0⤋

Potential is the most you could produce with given elements of production (labor, resources) while actual output is what you actually produce.

2007-12-19 23:35:11 · answer #3 · answered by Janineisacoolsouthernchick 5 · 1⤊ 0⤋