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cupoosta [38]
3 years ago
14

We can say that the allocation of resources is efficient if

Business
1 answer:
Leto [7]3 years ago
6 0

Answer: C) total surplus is maximized.

Explanation:

Total surplus refers to the sum of both the producer and the consumer surplus.

When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.

At this point, all participants in the market will be better off which means both producers and consumers will be better off.

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Consider the market for running shoes. draw a​ firm's average total cost curve with no advertising. label it atc0. draw the​ fir
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I believe it’s b..... hope this helps pls tell me if I’m wrong! <3

7 0
3 years ago
The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest
vlada-n [284]

Answer:

value

Explanation:

Opportunity cost or implicit is the value of the option forgone when one alternative is chosen over other alternatives.

For example, if I leave by job where i earn $100,000 per year to study economics in college. My opportunity cost is $100,000. This is the amount i would have been earning if i didn't go to college

5 0
3 years ago
What are the three riches nations in the world​
Rus_ich [418]

Answer:

1. Qatar

2. Macao SAR

3. Luxembourg

Explanation:

The 3 wealthiest countries in the world according to GDP (PPP) is Qatar - $134,623, Macao SAR - $122,201 and  Luxembourg - $108,813

5 0
3 years ago
In a company's annual report, the section called Management Discussion and Analysis provides critical information for interpreti
ddd [48]

Answer:

A. True

Explanation:

The section called Management Discussion and Analysis in an annual report analyzes the performance of a company, includes comments from the management about the financial statements to allow the readers to understand the information in a better way and includes the future objectives and plans. According to this, the answer is that the statement that indicates that in a company's annual report, the section called Management Discussion and Analysis provides critical information for interpreting the financial statements and assessing the future of the company is true.

7 0
3 years ago
Identify which party is responsible for reporting directly to the fda the investigator's financial interests with the sponsor: t
trasher [3.6K]

The  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

<h3>What is FDA?</h3>

FDA  which full meaning is food and drug administration is an agency whose sole responsibility is to ensure that food and drug does not cause harm to the health of the general public and they does this by ensuring that food and drug that make cause harm to the public to be discard.

It is the duty of the investigator to report any form of adverse events to the sponsor and the investigator must have carryout thorough investigation  and supervise the investigation personally before reporting to the sponsor.

Therefore the  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

Learn more about  FDA here:brainly.com/question/939216

#SPJ1

4 0
2 years ago
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