Answer:
b. the market for wallpaper is in equilibrium.
Explanation:
Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.
It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.
The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)
That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.
Answer:
The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.
Explanation:
To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.
Answer: Option (B) is correct.
Explanation:
Correct Option: Resources to the highest value good or service.
Prices normally are able allocate scarce resources efficiently because they will allocate resources in a better way, so that there can be a full utilization of resources.
If the resources are used efficiently and effectively then this will lead to an optimal utilization of the limited resources.
Answer:
The total amount of account receivable it's $246.400
Explanation:
At the beginning the company had $270.000 in the account receivable and $38.600 of allowance for bad debt, when the company wrote off bad debt, it entry a credit in the Account Receivable and a Debit in hte Allowance for bad debt.
The new balance are $244.400 in the accounts receivables and $12.600 as credit in the allowance for bad debt, with the new sales the company generate an extra account receivable of $15.000, so the net value of Accounts Receivable it's $246.400.
She is not being proactive and waking up early enough to get on the bus
