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alekssr [168]
3 years ago
10

When there is allocative efficiency in a market, the buyers' maximum willingness to pay for the last unit traded is equal to the

sellers' minimum acceptable price for that unit. True or false
a. True
b. False?
Business
2 answers:
kifflom [539]3 years ago
7 0

Answer:

The correct answer is letter "A": True.

Explanation:

Allocative Efficiency takes place when the preferences of the consumers are the priority. Under that scenario, the output level of the price of a product equals the marginal cost of production. This happens as a result of the consumers' willingness to pay for the product a price that equals the marginal utility of the producers.

VashaNatasha [74]3 years ago
5 0

<em>That answer is A. True</em>

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Dvinal [7]

Answer:

                                  Allied Merchandisers

                                        Journal Entries

Date           General Journal                         Debit        Credit

03-May   Merchandise Inventory               $20,000

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05-May    Accounts Receivable                 $21,000

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05-May     Cost of goods sold                     $15,000

                     To Merchandise Inventory                        $15,000

07-May      Sales Returns and allowances   $1,750  

                      To Accounts Receivable                           $1,750

07-May      Merchandise Inventory               $1,250

                      To Cost of goods sold                                $1,250

08-May      Sales Returns and allowances    $300

                       To Accounts Receivable                            $300

15-May        Cash                                             $18,571

                   Sales Discounts                           $379

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8 0
3 years ago
Net cash provided by operating activities was $12,000. Net cash provided by investing activities was $2,000. Net cash used in fi
ser-zykov [4K]

Answer:

$25,000

Explanation:

The cash balance at the end of the year can be calculated as follows:

=> $12,000 + $2,000 + $7,000 + $4,000

7 0
3 years ago
Read 2 more answers
Which clause protects proceeds from creditors of the beneficiary?
Inga [223]
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
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3 years ago
Which (if any) of the following scenarios is the result of a natural monopoly? Instructions: You may select more than one answer
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Answer:

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Explanation:

A natural monopoly occurs when there is high fixed or start-up costs of conducting a business in a specific industry meaning a sole producer provides the good efficiently.

3 0
3 years ago
Deontologist would agree that the increasing medical concern over obesity in the United States justified federal regulation of h
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Explanation:

Yes it is true that the advertisements during the children's program are responsible for increasing the craving of children for junk food which contains high calorie, high fat, high sugar and and low nutritional values.

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7 0
3 years ago
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