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
shusha [124]
3 years ago
6

At equilibrium in a perfectly competitive market: allocative efficiency is achieved because the sum of consumer and producer sur

plus is maximized the sum of consumer and producer surplus is minimized and allocative efficiency occurs because the sum of consumer and producer surplus is zero, allocative efficiency does not occur because the sum of consumer and producer surplus is minimized, allocative efficiency does not occur the sum of consumer and producer surplus is zero and allocative efficiency occurs
Business
1 answer:
yuradex [85]3 years ago
5 0
Allocative efficiency is achieved when the quantity consumers plan to buy matches the quantity producers are planning to sell, which essentially means the market is in equilibrium. Therefore, allocative efficiency is achieved when consumer and producer surplus are maximized.
You might be interested in
a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor
disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17\times24

=$408

Also, when the customer  sells all the 17 units of the composite good, she will earn:

=$11\times18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

To learn more about Trade-off

brainly.com/question/7072776

#SPJ4

6 0
1 year ago
Revenue expenditures
solmaris [256]

Answer:

Answer A

Explanation:

Revenue expenditures are the expenditures during period in which the asset has been put into its usage. They are often discussed in the context of fixed assets. For instance if a company installs new equipment and has monthly costs of its maintenance, these costs are revenue expenditures. Therefore, they only present additional costs that do not necessarily increase asset's life.

4 0
3 years ago
For the scenario below, determine the legality of the company's actions.
IgorLugansk [536]

Answer:

Option C because it is impossible to determine the legality based on the facts given.

Explanation:

5 0
3 years ago
Ocean crossed during the middle passage
gizmo_the_mogwai [7]
The Atlantic ocean was crosses during The Middle Passage. :3
5 0
3 years ago
Daniel wanted to start his own small business. After spending his own money on marketing research, Daniel asked his friend Chase
Nuetrik [128]

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

<h3>What is a business plan?</h3>

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

Read more on business plans here:brainly.com/question/25311149

6 0
2 years ago
Other questions:
  • Mark each statement if it correctly describes facts about China during the Sui dynasty.
    10·1 answer
  • The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul
    5·1 answer
  • Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste
    13·2 answers
  • A bond with duration of 10 years has yield to maturity of 10%. this bond's volatility is:
    13·1 answer
  • David, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alexis, is willing to sell 1,500 shares of the s
    6·1 answer
  • For several decades in the late nineteenth​ century, the price level in the United States declined. Was this likely to have help
    10·1 answer
  • Sam has recently found out that prices from his manufacturer will be increasing the variable cost by $40 when it used to only be
    13·1 answer
  • An analysis and aging of the accounts receivable of Yates Company at December 31 reveal these data:Accounts receivable $ 1,600,0
    6·1 answer
  • Christian is 33 years old, has been renting for the past five years, and is now thinking about purchasing a home by applying for
    13·1 answer
  • I purchased my home for $297,000 in 2015. Today it is worth approximately $520,000. What has my compounded annual rate of return
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!