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3 years ago

_________ occurs when a good or service is produced at the lowest possible cost.

Business

2 answers:

Sergio [31]3 years ago

8 0

Answer:

The correct answer is letter "C": Productive efficiency.

Explanation:

Productive Efficiency is a point where an economy cannot increase the output of a good or service without lowering another product's production level. An economy operating along its <em>Production Possibility Frontier</em> (PPF) has been optimizing its efficiency in production.

<em>Productive Efficiency is achieved with the lowest possible cost of producing goods. In such a case, economists and companies try to manufacture goods using the fewest available resources.</em>

kolbaska11 [484]3 years ago

3 0

Answer:

The correct option is C,productive efficiency

Explanation:

Allocative efficiency occurs when goods are produced to reflect the preferences of the consumers.This means that the producers are not concerned about deploying their resources in the most efficient manner as the overriding point is the satisfaction of customers' expectations.Hence option B is wrong.

Voluntary exchange refers to process of suppliers and customers engaging in business transactions with freewill.

However,productive points to effective and efficient allocation of resources to yield maximum output and at the lowest possible cost per unit.No doubt option C is the correct answer.

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Taya2010 [7]

Answer

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4 0

4 years ago

A tariff:_________.

Sergio [31]

Answer:

<h2>C. Makes domestic consumer worse off. </h2>

Explanation:

A tariff is levied on the exports and imports between two countries. It is meant to regulate the foreign trade and encourage the domestic industries and safeguard them from the competition of foreign goods. Tariffs are source of income for states. Tariffs and import export quotas are most used instruments of protectionism. Tariffs are fixed or variable.

It can put the domestic consumer in an advantageous position as due to tariffs they would not be able to get less costly products.

8 0

3 years ago

When there are a large number of relatively small account balances, negative confirmation of accounts receivable is feasible if

sveta [45]

Answer:

The correct option is D

Explanation:

When there are huge number of the small account balances, then the negative confirmation of the accounts receivable is practical or feasible which is issued by an auditor to the customers of client company and if the combination of the control as well as the inherent risk is low and the individuals who receives the confirmation requests which provide them sufficient consideration.

5 0

3 years ago

The following transactions were completed by the company.

Maslowich

Answer:

Account Equation Impact:

Assets = Liabilities + Equity

a. Cash $17,200 Common stock $17,200

b. Supplies $1,050 Cash ($1,050)

c. Equipment $11,100 Common stock $11,100

d. Supplies $310 Accounts Payable $310

e. Land $10,100 Cash ($10,100)

Total assets $48,610 = $310 + $28,300

Explanation:

a) Data and Analysis According to Accounting Equation Impact:

a. Cash $17,200 Common stock $17,200

b. Supplies $1,050 Cash ($1,050)

c. Equipment $11,100 Common stock $11,100

d. Supplies $310 Accounts Payable $310

e. Land $10,100 Cash ($10,100)

7 0

3 years ago

How are instrument families created?

Grace [21]

Musical instruments are grouped into families based on how they make sounds. In an orchestra, musicians sit together in these family groupings. But not every instrument fits neatly into a group. For example, the piano has strings that vibrate, and hammers that strike.

Hope I helped ❤️
Plz mark me brainiest? :)

5 0

3 years ago