A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of an efficient market.
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Answer:
$82,000
Explanation:
The computation of the current investment is shown below:
Current investment = Number of shares of common stock × price per share
= 2,000 shares × $41 per share
= $82,000
By multiplying the number of shares of common stock with the price per share we can get the current investment in the company
All other information which is given is not relevant. Hence, ignored it
Sell the asset, which will drive down the price and cause the expected return to reach the level of the required return.
Answer:
Connecting the world over time
Explanation:
Is the process of interaction of businesses and exchanges worldwide.
Answer:
$54,000
Explanation:
Eliza's share of net income = $40,000 ÷ 2
= $20,000
Eliza made withdrawals = $21,000
Eliza capital = $55,000
Eliza’s capital account balance at the end of the year:
= Eliza capital - Eliza withdrawals + Net income share of Eliza
= $55,000 - $21,000 + $20,000
= $54,000
Therefore, the Eliza’s capital account balance at the end of the year is $54,000.
