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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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BARSIC [14]

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3 years ago

The supply of seats for a psychology class at 10 a.m. is the same as the supply of seats for the same class at 2pm LO5 MO1 There

alex41 [277]

Answer:

The demand for 10 a.m. class is higher than the demand for the 2 p.m. class.

Explanation:

The supply of seats for the psychology class at 10 a.m is the same as the class at 2 a.m. But there is a surplus of seats at 2 a.m class and shortage of seats at 2 p.m class.

Other things being constant this implies that more students are attending the 10 a.m class than the 2 p.m. class. This shows that the demand for the 10 a.m class is comparatively higher than the demand for the 2 p.m. class.

This causes a surplus of seats at 2 p.m and shortage of seats at 10 a.m.

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3 years ago

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attashe74 [19]

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3 years ago

Heath Food Corporation’s bonds have 7 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity

joja [24]

Answer:

8.55%

Explanation:

For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:

Given that,

Future value = $1,000

Rate of interest = 8%

NPER = 7 years

PMT = $1,000 × 9% = $90

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After solving this, the present value is $1,052.06

Now the current yield is

= PMT ÷ PV

= $90 ÷ $1,052.06

= 8.55%

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3 years ago

Two people see the same thing at the same time yet interpret it differently. In this situation, factors that operate to shape th

defon

Answer:

The answer is A) perceivers

Explanation:

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4 years ago