For example the median expected annual pay for a typical Paralegal I in the United States is $53,899 so 50% of the people who perform the job of Paralegal I in the United States are expected to make less than $53,899. Source: HR Reported data as of October 2015. 1  Salary.
A production possibility curve (PPC) shows the different combinationstyles of output of TWO goods that an economy can produce considering the factor of production and technology to be constant. The slope of a PPC gives the trade off/opportunity c...
DEFINITION of 'Production Efficiency'. 1. An economic level at which the economy can no longer produce additional amounts of a good without lowering the production level of another product.This will happen when an economy is operating along its production possibility frontier.2.The ability to produce a good using the fewest resources possible.. An economic level at which the economy can no longer produce additional amounts of a good without lowering the production level of another product. This will happen when an economy is operating along its production possibility frontier. 2. The ability to produce a good using the fewest resources possible.