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r-ruslan [8.4K]
3 years ago
12

Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers' full willingness t

o pay while the supply curve reflects all production costs. For each of the following situations, indicate whether the total output should be increased, decreased, or kept the same in order to achieve allocative and productive efficiency.
Total surplus is at a maximum:_________
Business
1 answer:
lisabon 2012 [21]3 years ago
8 0

Answer: The total output should remain the same in order to achieve allocative and productive efficiency.

Explanation: Total surplus is at Maximum  when the price equals the market equilibrium price.

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An increase in the money supply will: Group of answer choices increase interest rates and increase the equilibrium GDP. lower in
Komok [63]

Answer:

Option B, lower interest rates and increase the equilibrium GDP.

Explanation:

Option B is correct because the increase in the money supply will reduce the interest rate and increase the real GDP or output on the country because the rise in the money supply will results in more money in the hand of people. Therefore, more investment and production will be done in the economy. Thus, a rise in the production of output in the economy will result in the rise of GDP

6 0
3 years ago
Sean works for Cash'n'Carry, a payday loan company. He has been asked to develop an ethical mission statement to reassure custom
soldi70 [24.7K]

Answer:

c. Emphasis on ethics

Explanation:

Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.

This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.

Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.

4 0
3 years ago
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Vol
Nadusha1986 [10]

Answer and Explanation:

The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;

For energy

= $6,900 - 6,000 × $0.90

= $6,900 - $5,400

= $1,500

For repairs

= $12,000 - 600 × $16

= $12,000 - $9,600

= $2,400

Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively

7 0
3 years ago
Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2017,
AysviL [449]

Answer:

60%

Explanation:

To calculate the percentage assigned to cost of goods sold , we should use the formula:

=\frac{Cost Of Goods Sold}{Sales}

= \frac{180}{300}

= 0.60 = 60%

Therefore, the percentage assigned to Cost of goods sold is 60%

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4 years ago
What element of Pinterest can help potential followers learn more about your product and company?
madreJ [45]
Could the answer be advertisements
5 0
3 years ago
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