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adell [148]
1 year ago
8

Wendy claims that the right mix of hamburgers and other goods is being produced, but that they are not being produced in the lea

st costly way. How would an economist assess wendy's claim?
Business
1 answer:
BARSIC [14]1 year ago
3 0

Wendy claims that the right mix of hamburgers and other goods is being produced, but that they are not being produced in the least costly way. Economist assess it in the way of allocative efficiency as well as the productive efficiency.

According to Wendy, allocative efficiency is achieved because the right mix of hamburger is produced, but at the same time  productive efficiency is not achieved because the production is not utilizing cheapest possible means of producing the goods.

Allocative efficiency occurs when  the consumer demand is completely met by the  supply. In the other words, businesses are providing the exact supply which the  consumers want.

Allocative efficiency occurs from the producers side as well as the consumers side. This happens when the demand is fully met, and production is optimized until marginal costs = marginal revenue . It means that no more profits are made.

Productive efficiency occurs when the businesses focuses on producing a good at the lowest possible cost.

To know more about allocative efficiency here:

brainly.com/question/23879464

#SPJ4

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Explanation:

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7 0
3 years ago
Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8
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Answer:

Interest Payable - 2021 = $6653.33  rounded off to  6653

Explanation:

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3 years ago
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Answer:

The expected rate of return on the market portfolio is 14%.

Explanation:

The expected rate of return on the market portfolio can be calculated using the following capital asset pricing model (CAPM) formula:

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Therefore, the expected rate of return on the market portfolio is 14%.

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