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Allushta [10]
3 years ago
7

True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.

Business
1 answer:
SIZIF [17.4K]3 years ago
8 0

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

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ABC Tax Planning Service started business in January 2018. The company rented an office for $5,400 per month starting from Janua
Sholpan [36]

Answer:

balance in the Prepaid Rent account as of April 30 is $10800

Explanation:

given data

rent office =  $5,400 per month

rent paid = 6 month i.e January 1 to June 30

to find out

balance in the Prepaid Rent account as of April 30

solution

we know here that Period Expired till April 30 = 4 months ( January 1 to April 30)

and

so Period Balance = 2 Months  ( May 1 to June 30 )

so Prepaid Rent is = Balance Period × Rent per month

Prepaid Rent = 2  × 5,400

Prepaid Rent = $10800

so balance in the Prepaid Rent account as of April 30 is $10800

6 0
2 years ago
Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
natali 33 [55]

Answer: Reach out to her Medicaid for their programs

Explanation:

There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.

4 0
2 years ago
Read 2 more answers
As a response to a rapidly changing marketplace, idea electronics found it necessary to reorganize, including a significant down
Arte-miy333 [17]
<span>This will lead to a flattening of the overall organization. This will allow the management to be closer to the end consumer, giving a better overall customer service reputation as well as a cost savings in not having to have as many levels of bureaucracy to go through on the part of the consumer.</span>
4 0
3 years ago
Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are hig
Naddika [18.5K]

Answer and Explanation:

3 0
2 years ago
The following data are for a series of increasingly extensive flood control projects:
igomit [66]

Answer:

b. $28,000 and $12,000 respectively

Explanation:

The marginal cost and marginal revenue refers to the additional cost or revenue that is generated for adding an additional unit or increasing the ouput by one unit,

In thi case, moving to Large reservoir from Medium reservoir

Marginal cost: 72,000 - 44,000 = 28,000

<em>It cost 28,000 to move to a large reservoir</em>

Marginal revenue :64,000 - 52,000 = 12,000

<em>It generates additional benefit for 12,000</em>

8 0
3 years ago
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