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3 years ago

When production reflects consumer preferences, __________ occurs?

1 answer:

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<span>When production reflects consumer preferences, "a</span>llocative efficiency" occurs.

Allocative efficiency is a condition of the economy in which production shows customer inclinations; specifically, every good or services is delivered up to the point where the last unit gives a marginal advantage to buyers equivalent to the minor cost of production.

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Before Sandra opened her florist shop she read all she could about the floral industry. She also consulted several published res

Rom4ik [11]

Answer: Secondary data

Explanation: In simple words, the data that is collected by someone and is used by someone else is called secondary data. Government reports and surveys by other such organisation are two of the many examples of secondary data.

In the given case, Sandra collected information for her future business from the published research reports. She did not collected data from a census conducted by herself.

Hence, from the above we can conclude that the correct option is B.

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3 years ago

Which person(s) should decide upon the problem statement the team will be working toward? The team’s leader

Basile [38]

<span>Which person should decide upon the problem statement the team will be working toward? All group members. All group members should be working towards the problem statement, problems, and anything resulting a team project. The project is in a team format for a reason, so that everyone works together.

</span>

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3 years ago

In an emergency situation the driver should always contact the dispatcher? True or false

Goryan [66]

Most definitely True

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3 years ago

Read 2 more answers

Dairy Wishes, a local ice cream store, finds

iragen [17]

Answer:

d. perfectly elastic.

Explanation:

Demand is perfectly elastic if it at the current price, the product is sold out but if there is a change in price demand falls to zero. the demand curve is horizontal

Demand in perfectly inelastic if there is no change in quantity demanded regardless of the change in price.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

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3 years ago

It is estimated that the maintenance cost on a new car will be $500 the first year. Each subsequent year, this cost is expected

Vsevolod [243]

Answer:

$-8,609

Explanation:

Calculation for How much would you need to set aside

Year Cashflows PVF 5% Present values

1 -500 *0.952381 =-476.19

2 -650(500+150) *0.907029 =-589.569

3 -800(650+150) *0.863838 =-691.07

4 -950(800+150) *0.822702 =-781.567

5 -1100(950+150) *0.783526 =-861.879

6 -1250(1100+150) *0.746215 =-932.769

7 -1400(1250+150) *0.710681 =-994.954

8 -1550(1400+150) *0.676839 =-1049.1

9 -1700(1550+150) *0.644609 =-1095.84

10 -1850(1700+150) *0.613913 =-1135.74

PV=Present value $-8,609

Therefore the amount you will need to set aside is $-8,609

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3 years ago

When production reflects consumer​ preferences, __________ occurs?

When production reflects consumer preferences, __________ occurs?