Answer:
<u>Allocative efficiency </u>
Explanation:
Marginal benefit refers to the extra satisfaction derived from purchase of an extra unit of a good or a service.
Marginal cost refers to the extra cost incurred when an additional unit of a good or a service is produced.
When marginal cost is equal to the marginal benefit, it is the most efficient situation wherein optimal blend of commodities is produced.
Allocative efficiency refers to producers providing that blend of goods which are most desired by the society at the optimal level of production.
Answer:
<em>hello you have reached Micah micks office line if this is an emergency please hang up and call my personal line if this isn't please leave an voicemail and ill get back to you shortly thank you goodbye</em>
Explanation:
Variable Amount per Unit Total Fixed Cost 12,000 units 16,000 units 14,000 units Variable costs ... the first quarter of calendar year 2017 reveals the following Fixed Budget Sales ( 14,000 units) ...
Answer:
It should give 15 haircut
And maximum profit will be 112.5
Explanation:
It is given total cost 
Corresponding marginal cost MC = Q
For maximizing profit P = MC
Assuming market price of haircut Q = 15
So it should give 15 haircut
So P = MC = Q = 15
Profit is equal to
Profit = PQ - TC

=112.5