Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.
Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC
Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.
Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.
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Answer:
Based on this information, the Canadian dollar is expected to <u>DEPRECIATE BY 0.8%</u> tomorrow, and Severus would prefer to make payment <u>TOMORROW</u>.
Explanation:
Since the Canadian dollar tends to depreciate by 40% after it appreciates more than 1% against the US dollar, we can calculate the expected depreciation:
expected depreciation = 2% x 40% = 0.8%
Since Severus expects that the Canadian dollar will depreciate tomorrow by 0.8%, it will wait until then to pay its debt.
Answer:
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Explanation:
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Answer:
Estimated manufacturing overhead rate= $34.57 per machine hour.
Explanation:
Giving the following information:
Acheson Corporation applies manufacturing overhead based on machine-hours.
Estimated manufacturing overhead $ 157,300
Estimated machine-hours 4,550
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 157,300/ 4,550= $34.57 per machine hour.
Answer:
$60,000
Explanation:
Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..
Therefore The amount of the judgment that the insurance cover is $60,000
