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sp2606 [1]
2 years ago
5

At the output level defining allocative efficiency: Group of answer choices the maximum willingness to pay for the last unit of

output equals the minimum acceptable price of that unit of output. marginal benefit exceeds marginal cost by the greatest amount. the areas of consumer and producer surplus necessarily are equal. consumer surplus exceeds producer surplus by the greatest amount.
Business
1 answer:
Ugo [173]2 years ago
5 0

At the output level defining allocative efficiency option (a) i.e, the maximum willingness to pay for the last unit of output equals the minimum acceptable price of that unit of output.

A state of the economy known as allocation efficiency is one in which production matches customer preferences; specifically, every good or service is produced up to the point where the final unit offers consumers a marginal benefit equal to the marginal cost of production.

When consumers pay a market price that reflects the private marginal cost of production, allocation efficiency is achieved. For a corporation to be allocatively efficient, its output must be produced with a marginal cost (MC) that is exactly equal to its price (P).

Utilizing allocative efficiency ensures that resources are allocated properly in light of customer requirements and preferences. Given that almost all resources (i.e., factors of production) are finite, it is crucial to choose wisely where to allocate them in order to maximize value.

The business is optimizing profits and benefiting more customers by increasing its output level. This results in specific allocative efficiency, which benefits both the producer and the consumer, in addition to economic efficiency.

To know more about allocative efficiency refer to:  brainly.com/question/13195743

#SPJ1

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The inflation rate over the past year was 3.8 percent. If an investment had a real return of 6.9 percent, what was the nominal r
Natalka [10]

Answer:

Nominal rate of return= 10.96%

Explanation:

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money

<em>Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  </em>

<em>Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation. </em>

The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;

N = ( (1+R) × (1+F)) - 1

N- nominal rate, R-real rate, F- inflation

Nominal rate of return =(1.038)× (1.069) - 1 = 0.109622

Nominal rate of return =  0.109622 × 100 = 10.96%

Nominal rate of return= 10.96%

6 0
3 years ago
References are typically included on a résumé. please select the best answer from the choices provided t f
sergiy2304 [10]

Answer:

This is <em>false. </em>

Explanation:

You only have so much room on a resume, and refrences can be a waste of space. Typically, refrences are given upon request.

Hope this helped.

4 0
2 years ago
If a seller needs to net $50,000 after the sale, how much must the real estate sell for if the selling costs include a 7% commis
Masja [62]

Answer:

$55,054

Explanation:

Calculation for how much must the real estate sell for

Sales price =($50,000 + 1,200)/(100% - 7%)

Sales price=$51,200/0.93

Sales price =$55,053.76

Sales price =$55,054 (Approximately)

Therefore the amount that the real estate must sell for if the selling costs include a 7% commission and $1,200 in other expenses will be $55,054

4 0
2 years ago
Questions that would help Tony manage his day-to-day operations? A. What is my best-selling product? B. What is my lowest-sellin
zloy xaker [14]

Answer:

The correct answer is letter "D": A&B.

Explanation:

Managers have several functions within an organization. Among them, they must <em>analyze information </em>-the accounting books of the company- to find out what products have maximized their production process and which ones have not. Besides, they must relate that information to the number of sales the company is processing given a certain period.

Thus, what is the best and low-selling products of a firm are questions that managers must ask to explore its<em> strengths, weaknesses, and opportunities</em>.

4 0
3 years ago
Autoliv produces air bag systems that it sells to automobile manufacturers throughout the world. Assume the company has a capaci
gogolik [260]

Answer: See explanation

Explanation:

a. The variable cost per unit will be:

= (3,825,000 - 3,680,000) / (45million - 40 million)

= 0.029

Then, the financial order of accepting the order will be:

Contribution margin = Unit selling price - Unit

= 65 - 29

= 36

Since the size of the order is 100,000, the financial impact of accepting the order will be:

= 36 × 100,000

= 3,600,000

b. The differential analysis will be:

Contribution from special order = 3,600,000

Opportunity cost {100,000 = 120,000,000 - 29,000,000 = 9,100,000

Net disadvantage of accepting order will then be:

= 3600000 - 9100000

= 5,500,000

5 0
3 years ago
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