Answer:
Total expenditure for the trip = $36.25
Explanation:
You are going to the movie with your younger brother and grandparents.
Senior citizens tickets cost $6 while your tickets cost $6.25 and your younger brothers ticket cost $4.25 .
Also there is an additional expenditure due to buying soda and popcorn and it costs $20.
Now we have to find the total cost for your trip to the movie theater.
For that we just need to add all the expenditures.Hence,
Total cost = 6 + 6.25 + 4.25 + 20 =$36.25
This is the total expenditure for the trip.
B. Understanding what you want!
Answer:
A.
Explanation:
Allocative efficiency is when the markets are working in the most economically efficient manner and there are no externalities (no over production or under production of economic goods and services).
Markets are allocative efficiency when the price equals the marginal cost.
Allocative efficiency is at an output which maximizes total consumer welfare.
is reached when no one can be made better off without making someone else worse off.
Occurs when the value that consumers place on a good or service (reflected in the price they are willing and able to paid) equals the cost of the factors resources used up in production.
Answer:
<u>A. Plans for making commodities available for sale or trade</u>
Explanation:
- As a market is a place where all the goods and commodities are brought for sale the products and services that exist in the market or on the market are those that brought for the consumption by the people.
- This involves the plans for buying and selling in the market to get a good amount of returns. Off the market means the properties that are for sale but are not available for the purchase. Hence the products are based on the availability of the market conditions.
Develop the product / Release the new product.
