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matrenka [14]
3 years ago
9

When both producers and consumers experience a surplus, the market is demonstrating efficiency?

Business
1 answer:
Tcecarenko [31]3 years ago
4 0

If both consumers and producers are experiencing a surplus the market is efficient

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What is the most important about the Finance Manager of an agency?
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In order to build alliance management capabilities in small companies, it is recommended that firms take the ______ approach
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Answer:

non-equity alliance.

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8 0
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Read 2 more answers
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Ivenika [448]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.

Mountain has recorded the following for the past nine months:

January:

Number of Cavities= 375

Total cost= $5,300

February:

Number of Cavities  500

TC= 5,850

March

Number of Cavities 350

TC= 5,200

April

Number of Cavities 600

TC=6,250

May

Number of Cavities 325

TC= 5,150

June

Number of Cavities 475

TC= 5,700

July

Number of Cavities 525

TC= 6,100

August

Number of Cavities  575

TC= 6,300

September

Number of Cavities  450

TC= 5,550

A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)

Variable cost= (6300 - 5150) / (600 - 325)= 4.18 per unit

Fixed cost= HACost - (variable cost per unit * HAUnits)= 6300 - (4.18*600)= 3792

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Total cost= 3792 + 4.18*400= $5464

8 0
3 years ago
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