Answer:
The correct answer is A)
Explanation:
When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.
A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.
Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.
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Answer:
MedBit Inc. is a joint venture company.
Explanation:
A joint venture is an entity established by two or more existing entities for a purpose.
Medzone Inc. and Bit Corp will jointly share from the business outcomes of this third entity, which is legally separate from the two.
Reasons for forming joint venture companies include to combine expertise, reduce costs, and leverage resources. Medzone Inc. and Bit Corp must have considered these advantages in setting up MedBit Inc.
The purpose of all ventures is the creation of value for stakeholders. Where two or more entities consider that they can achieve more value creation, they can come together to do so.
Answer:
A. Materials to purchase = RM needed for production + RM ending - RM beginning
Explanation:
There are already RM in stock which can satisfy partially RM for production need and RM for desired ending stock so for this amt, purchase should be lowered.
A sole proprietor is personally liable for the liabilities which remain unpaid after the utilization of assets. In the given case the sole proprietorship has total assets of $34,583 and liabilities of $55,867. It means total assets can be used to pay off $34,583 out of total liabilities of $55,867 and the proprietor shall be personally liable for the balance liabilities= 55867-34583 = $21,284
Hence, you are personally liable for <u>$21,284</u>
