1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anni [7]
3 years ago
10

_________ 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.

You might be interested in
A home improvement store has an assembled kids playset on display. There
Leno4ka [110]

Answer:

im Looking for this answer as well sorry I can’t be helpful

8 0
2 years ago
Read 2 more answers
Question 1
Svetach [21]

1. An example of bartering is Sarah trades her apple for Ava's bag of chips.

2. Gold has historically functioned as money because it is a medium of exchange.

3. In the hypothetical economy, rice is said to be a commodity money.

4. When Pudding cups serve as a unit of account, it means that the price of other lunch items is expressed in quantities of pudding cups.

5. The difference between the U.S. dollar, and a U.S. gold certificate is a  U.S. dollar does not have value in addition to its value as money.

Trade by barter is when people exchange goods with goods. Money is not used in a trade by barter. Trade by barter was used before the invention of money. For example, a trade by barter occurs when Sarah trades her apple for Ava's bag of chips.

Commodity money is money for which its value comes from the commodity from which it is made.

Fiat money is currency whose value is not backed up by any asset. Representative money is money whose value is backed up an asset.

Money can be described as something that is accepted as a means of payments for products.

 <em><u>Functions of money </u></em>

1. Medium of exchange: money serves as a medium of exchange when it is accepted as payment for goods and services. For example, 2 ounces of gold is accepted as means of payment for a dress.  

2. Unit of account: money can be used to determine the value goods and services, For example, 2 cups of puddings is equivalent to plate of fruits.  

3. Store of value: money can retain its value over the long term, this it can be used as a store of value.

To learn more about money, please check: brainly.com/question/14816216?referrer=searchResults

5 0
2 years ago
Products is a manufacturer of large flower pots for urban settings. The company has these​ standards:
slega [8]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the standard production costs:</u>

Direct materials= 9.6*4.55= $43.68

Direct labor= 1*15.80= $15.8

Variable manufacturing overhead rate= 3.40*1= $3.4

Predetermined fixed manufacturing overhead rate= 6*1= $6

<u>Finally, the standard cost per unit:</u>

Total unitary cost= 43.68 + 15.8 + 3.4 + 6= $68.88

5 0
3 years ago
Molly liquidates her catering business. She is left with $20,000 after selling all the assets and settling the liabilities. In t
Firdavs [7]

Answer:

In this case, the amount of $20,000 represents the owner's equity.

Explanation:

Assets:

Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.

Liabilities:

Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.

Equity:

Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.

The relation between Assets, liabilities and owner equity are represented in a equation as:

Assets = Liabilities + Owner Equity

8 0
2 years ago
Security is a financial instrument backed by assets. They give the holder an interest or right in something else. A regulation u
Ksivusya [100]

Answer:

c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income

Explanation:

As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.

Accordingly if it is a security, the security laws will be applicable on them.

Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.

7 0
3 years ago
Other questions:
  • Orange Corporation acquired new office furniture on August 15, 2018, for $130,000. Orange does not elect immediate expensing und
    10·1 answer
  • Collin buys a fixed deferred annuity. Upon annuitization, he chooses the life annuity with period certain payout option. Collin
    12·2 answers
  • Aside from human user types, there are two other non-human user groups. Known as account types, ________________ are accounts im
    15·1 answer
  • If a market is in equilibrium loading...​, is it necessarily true that all potential buyers and sellers are satisfied with the m
    5·1 answer
  • Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
    12·1 answer
  • Net present value ____________________. Group of answer choices compares project cost to the present value of the project benefi
    14·1 answer
  • Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
    10·2 answers
  • On January 15, 2020, Vern purchased the rights to a mineral interest for $3,500,000. At that time, it was estimated that the rec
    6·1 answer
  • What was the target market for traditional advertisers
    15·1 answer
  • Vietnamese citizens went working in Korea. They sent their income back to the families in Vietnam, worth of $678,000. Which acco
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!