Answer:
The answer is attached for ease of understanding and reference.
Explanation:
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:
Explanation:
Using or applying a Net 30 payment terms, having an average collection time of 75 days with the customers, Hanson's furniture store, are to either reduce their store credit option, so as to encourage let's say within 45% of their store credit customers to be able to pay upon receipt, or reduce their operating period. Which is the best option for the store to maintain minimum cash balance.
Answer:
monthly saving = $77037.69
Explanation:
given data
expense = $2.86 million
earn on saving = 2.1 percent
to find out
how much must it save each month
solution
we find here monthly saving by formula that is
monthly saving = future value ÷ 
.................1
here r is monthly rate that is 
= 0.175% and n is 12 and time is 3 year
so put here value we get
monthly saving = 2860000 ÷ 
monthly saving = $77037.69
The four core principles of economics: C. apply to this decision because Gilberto's vote is a marginal vote that could determine the outcome of the election.
<h3>What is economics?</h3>
Economics can be defined as a field of science that is focused on the analysis and examination of various principles that influence the production, cost, demand and supply of goods and services.
<h3>The four core principles of economics.</h3>
Generally, there are four (4) core principles of economics with respect to decision-making and these include the following:
- Rational people think at the margin.
- Everybody face tradeoffs.
- Incentives influence people's action.
- Opportunity cost.
In the context of the four (4) core principles of economics, we can reasonably infer and logically deduce that Gilberto's vote is a marginal vote and as such it can influence the outcome of the election.
Read more on core principles of economics here: brainly.com/question/13211353
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