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tekilochka [14]
11 months ago
11

If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay i

s?
Business
1 answer:
Veronika [31]11 months ago
7 0

If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay is <u>equal to the minimum price producers are willing to accept.</u>

<u />

An efficient market exhibits allocative efficiency, also known as allocative efficiency, when resources are allocated in a way that maximizes utility for all participants.

The term "allocative efficiency" refers to the extent to which a given economy's resources are allocated effectively to meet the needs of its consumers and producers. When products, services, and capital are allocated and dispersed efficiently, everyone benefits.

Efficient markets have allocational or allocative efficiency, which ensures that all products and services are allocated to consumers in the most beneficial way possible. It occurs when participants in the market have access to reliable information that allows them to make educated choices about the allocation of their resources.

To know more about allocational/ allocative efficiency refer to:

brainly.com/question/7113859

#SPJ4

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When an organization has a diverse set of employees that can provide insight and cultural sensitivity, this should improve the c
Alchen [17]

Answer:

Higher Creativity in Decision Making due to diversity and understanding of the environment in which it operates.

Explanation:

The reason is that the diversity brings access to great pool of hidden resources which we can utilize in a number of ways. People are observer and can play a vital role in the designing of strategic stance of the company. This strategy will influence company's financial position in future. So diversity helps in understanding of environment (environmental analysis) and informed decision making.

7 0
3 years ago
Not heading back to school due to high
WITCHER [35]

Answer:

The answer is D, hope this helped!

Explanation:

The answer is D because its a realistic thing to have bills and sometimes you have to take risks or youll have nothing. <3

3 0
3 years ago
On August 31, 2021, Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on Aug
vladimir2022 [97]

9% interest to be paid on August 31, 2022, is  $1,710.

The price of return that lenders call for for the ability to borrow their cash. for example, the interest rate on credit playing cards is quoted as an APR. In our instance above, four% is the APR for the mortgage or borrower. The APR does not keep in mind compounded interest for the yr.

There are some public sectors in addition to private zone banks in India. although every bank, typically has a different range of interest price for savings bills, the rates commonly range from 2.70% p.a. to six.25% p.a. 2.70% p.a. to 6.50% p.a.

Paid interest is a hobby you've already been credited or paid for. As noted, before virtually having access to the hobby, it's really accruing. however, once that sum hits our account or balance, it is now known as a paid hobby.

Learn more about bank interest here:-brainly.com/question/15728540

#SPJ4

7 0
1 year ago
Possible careers related to my results that appeal to me most include:
daser333 [38]

Explanation:

ummmmn I don't get this lol

3 0
2 years ago
An appraiser completes an appraisal for a homeowner in preparation for obtaining a loan. The appraiser provides a letter report
Oxana [17]

The situation here is that the appraiser is:

  • Taking a percentage for his services from the appraisal

Based on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.

With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the <em>value of the property </em>which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.

Read more about appraisal reports here:

brainly.com/question/25088996

3 0
2 years ago
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