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Lostsunrise [7]
4 years ago
5

What is meant by allocative​ efficiency? allocative efficiency is when every good or service?

Business
1 answer:
astraxan [27]4 years ago
7 0
<span>Allocative efficiency is the state of the economy in which production suits consumer needs and preferences. Every good or service produced holds value. Even the last unit is able to serve the customer and satisfy them, but the product must also maintain an equal balance between cost effectiveness and user satisfaction.</span>
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According to the United Nations' Human Development Index, many countries with very high development are located in _____.
Lilit [14]
The answer is Europe and Australia.
 
According to the United Nations' Human development Index, many countries with very high development are located in Europe and Australia. As defined in Wikipedia, Human development index is a composite statistic of life expectancy, education and income per capita indicators, which are used to rank countries into four tiers of human development. 
5 0
3 years ago
Read 2 more answers
Suppose when a monopolist produces 50 units its average revenue is $8 per unit, its marginal revenue is $4 per unit, its margina
Mamont248 [21]

Answer:

b. The monopolist is currently maximizing profits, and its total profits are $250

Explanation:

The computation of monopolist is shown below:-

The monopolist is producing 50 units ate which are

MR = $4

Price = $8

MC = $4

ATC = $3

This applies that

MR = MC

while

P > ATC

So the monopolist is making a profit by making profit-maximizing quantity.

Total profits are (P - ATC) × Q

= (8 - 3) × 50

= $250

Hence, b option is correct

5 0
3 years ago
Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl
Tems11 [23]

Answer:

The correct answer is letter "B": She is reviewing her goals and aligning the budget to work toward them.

Explanation:

Smart financial planning is the strategy by which individuals or corporations adjust their budgets according to the current situation they face. The adjustments are done as many times as necessary to accomplish the goals those individuals or firms have set.

In Christie's case, the reason why she adjusts her budget by the end of every month is that she needs to match her expenses with her objectives so she can reach them.

6 0
3 years ago
Read 2 more answers
Rossini Company has budgeted production for next year as follows:Quarter First Second Third FourthUnits to be sold 53,400 80,200
Yuri [45]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Rossini Company has budgeted production for next year as follows: Quarter First Second Third FourthUnits to be sold 53,400 80,200 94,000

At the end of each quarter, Rossini would like to have an inventory equal to 10% of the sales units of the next quarter.

Production:

2nd Quarter= 80,200

Ending inventory= (94,000*0.10)= 9,400

Beginning inventory= (80,200*0.10)= 8,020 (-)

Total= 81,580 units

3 0
4 years ago
Why do electricians usually learn through an apprenticeship?
lutik1710 [3]

Answer:

A. It is necessary for job placement.

8 0
3 years ago
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