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Neporo4naja [7]
3 years ago
12

The idea of efficiency often arises when measuring a society's well-being. There are two kinds of efficiency: productive efficie

ncy and allocative efficiency. What does productive efficiency refer to? The maximum level of production of goods and services for a society The production level that equates marginal benefit and marginal cost The minimum level of production of goods and services for a society The production of goods and services in the least costly way possible
Business
1 answer:
satela [25.4K]3 years ago
5 0

Answer:

The correct answer is letter "A": The maximum level of production of goods and services for a society.

Explanation:

Production efficiency or productive efficiency is the point in which an economy cannot increase output in a good or service without lowering the production level of another product. An economy that operates along its production possibility frontier (<em>PPF</em>)<em> </em>has maximized its production efficiency. In other words, that economy is working at its maximum possible level.

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The three contemporary management perspectives are the ______ viewpoints.
Anastaziya [24]
The answer to this question is: <span>Sytems viewpoint, contingency viewpoint, and quality management
</span>System viewpoint refers to an approach to problem-solving that see the problem at a whole. Contingency viewpoint is a developmental effort that made into managerial approach, and quality management refers to the effort to maintain the standard result of our tasks
6 0
3 years ago
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I need help with this, struggling <br> no links please!! <br><br> The subject is Economics/Business.
svet-max [94.6K]

Answer:

The answer is producers need to know what consumers want so they can sell more and make more profit.

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Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc
Katarina [22]

Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

Thus,

amount paid by insurance in 1 visit = $10

Amount paid by insurance in 6 visit = $10*6 = $60

Total bill charged by the doctor in 6 visit = 360

Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300

Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.

In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6

Thus, 5/6 portion of bill is paid by third party payer.

3 0
3 years ago
Which of the statements below is​ FALSE? A. The balance sheet reports the performance of the firm over the past period. It summa
Colt1911 [192]

Answer:

A. The balance sheet reports the performance of the firm over the past period. It summaries and categorizes a​ company's revenues and expenses for that period.

Explanation:

The balance sheet is a financial document or statement that shows a company's total assets at a particular time. It indicates how the assets are financed. A balance sheet reports the net worth of a business. It shows the assets, the liabilities, and the shareholders' equity.  

The preparation of a balance sheet follows the principle of assets equals the sum of liabilities and equity.  It does not record incomes of expenses of a business for a financial year. The income statement is the financial report that shows the revenue and expenses of a company in a period.

7 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $31.0 million, $15.1 million, and $40.2 million, res
KatRina [158]

Answer:

Creative Sound Systems

Net cash flows from investing activities:

Cash inflow from sale of investments                     $31 million

Cash inflow from sale of land                                $15.1 million

Cash outflow from purchase of equipment        ($25.1 million)

<u>Cash outflow from purchase of patent                ($12.1 million)</u>

Net cash flows provided by investing activities    $8.9 million

Creative Sound Systems

Net cash flows from financing activities:

Cash inflow from issuing common stocks              $40.2 million

<u>Cash outflow from purchase treasury stock          ($21.1 million)</u>

Net cash flows provided by financing activities     $19.1 million

6 0
3 years ago
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