Answer:
Option (E) is correct.
Explanation:
Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.
Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Answer:
inspirational paragraph definitely send it
Explanation:
Answer: Make
Explanation:
Basically, the major components involved in supply chain management are raw material supplier, manufacturing plant, warehouse, distribution center, transportation and end consumer which goes through a proper planning and sourcing. Simple bread and butter with which we eat each day, actually gets to us through several processes. In this instance, bread begins its journey with the farmer who sows the seeds and sells the wheat to the businessman, who in turn sells it to the baker who bakes the bread. This is a description of supply chain management in a nutshell. In other words, supply chain management is a network of those businesses that are interconnected with each other in either the manufacturing of products, or delivering services, that are required by consumers. The 'make' or manufacturing component, which refers to the execution of processes needed to produce, test, and package your products or services.
The answer is sunk cost
This incurred cost usually could not be recovered in any way.
For example, let's say for the business operation, you make a prepaid rent for a building for the whole year.
In this situation, the prepaid rent could be considered as a sunk cost because it's already incurred and not recoverable anymore