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2 years ago

How would you explain allocative efficiency in a purely competitive market structure?

1 answer:

7 0

The purely competitive market structure is allocative efficient because production takes place at a point where price is equal to marginal cost.

<h3>What is a purely competitive market?</h3>

A purely competitive market is a market structure that is characterised by many sellers of goods that are considered homogenous. There is perfect information in the market and the price in this market is set by the forces of demand and supply. In a purely competitive market, there is little or no barriers to entry into the market.

In a purely competitive market is allocative efficient because products are optimally distributed among buyers in an economy. This means that production takes place at a point where price is equal to marginal cost.

To learn more about allocative effieicincy, please check: brainly.com/question/7113859

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Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If thes

Marina86 [1]

Answer:

4.42% semiannually OR 8.84% annually

Explanation:

The actual return that an investor earn on a bond until its maturity is called the Yield to maturity. It is a long term return which is expressed in annual rate.

According to given data

Assuming the Face value of the Bond is $1,000

Coupon Payment = C = $1,000 x 9.4% = $94 annually = $47 semiannually

Price of the Bond = P = $1,000 x 105% = $1,050

Numbers of period = n = 15 years x 2 = 30 periods

Use Following Formula to calculate YTM

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $47 + ( $1,000 - $1,050 ) / 30 ] / [ ($1,000 + $1,050 ) / 2 ]

Yield to maturity = $45.33 / $1,025 = 0.0442

Yield to maturity = 4.42% semiannually OR 8.84% annually

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4 years ago

All of the following are considered routine business messages except a. an all-staff memo that outlines the new procedures for p

dsp73

Answer:

d. a letter to a customer denying a request for credit.

Explanation:

Routine messages are part of a business' daily operations; It communicates the what, who, where and when elements of operations. They are usually simple and positive requests for information or action by one person to another, daily meeting with coworkers, new updates and instructions as well as replies to customers. Among the choices given, a letter to a customer denying a request for credit is not part of it.

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3 years ago

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Answer:

The correct answer is: multi-level marketing.

Explanation:

Multi-level marketing (MLM) is appealing for workers because there is tremendous potential to make money and low entry costs. It is a business strategy in which salespeople recruit other individuals to sell products or services for them in order to earn a portion of their sales in addition to their own sales.

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4 years ago

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Answer:

over population and the consequences are limited space, global warming, and more poor people

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3 years ago

Record the following transaction in a transaction analysis chart for the buyer: Bought merchandise for $ 8 comma 600 on account

Nataliya [291]

Answer:

The answer given below;

Explanation:

Inventory Dr.$8,600

Accounts Payable Cr.$8,600

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3 years ago