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jok3333 [9.3K]
3 years ago
8

Perfect competition displays ______ because the social benefits of additional production, as measured by the price that people a

re willing to pay, are in balance with the ______ to society of that production.
Business
1 answer:
hichkok12 [17]3 years ago
5 0

Answer:allocative efficiency; marginal costs

Explanation:allocative efficiency is at an output level where the Price equals the Marginal Cost (MC) of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.

The marginal cost is the cost of producing one additional item and is used to pinpoint the optimal economy of scale. The marginal benefit is the greater enjoyment created by producing one additional item.

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Many of​ smashburger's competitors combine a​ burger, fries, and a drink offered at a reduced​ "combo" price. this practice is k
kaheart [24]
<span>Many of​ smashburger's competitors combine a​ burger, fries, and a drink offered at a reduced​ "combo" price. This practice is known as​ product bundle pricing.

Product bundle pricing is when a store will combine items together and do a value price on them as a bundle. Each item has a price they can pay to purchase an item separately but there is a special price and it's usually a better deal when you purchase it in a bundle. 
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7 0
3 years ago
Patti Company owns 80% of the common stock of Shannon, Inc. In the current year, Patti reports sales of $10,000,000 and cost of
Elden [556K]

Answer:

$10,140,000

Explanation:

To make consolidated statements company needs to consolidate the financial data of its own and its subsidiary.

Revenue can be consolidated of parent and subsidiary as follow:

First

Add revenue of both companies

Total Sales = Patti Company sales + Shannon Inc. sales

Total Sales = $10,000,000 + $200,000 = $10,200,000

Now deduct the sale made to each other because sales mad within the group is not recorded for consolidation purposes and it is not a sale for a group it is an internal group transfer.

Consolidated Sales = Total sales - Internal Sales

Consolidated Sales = $10,200,000 - $60,000 = $10,140,000

8 0
3 years ago
Enrique did not want to tell his manager that it was not likely that his employees would meet the looming production deadline. H
asambeis [7]

Answer:

B. Upward distortion

Explanation:

Based on the information provided within the question it can be said that this seems to be an example of upward distortion. In the context of business, this refers to when a lower employee fails to, or is hesitant to communicate negative information to his/her superiors due to the consequences. Which is what Enrique is doing in this scenario.

8 0
3 years ago
JLK is a partnership that was formed two years ago for the purpose of creating new fad items and distributing them directly to c
arsen [322]

Answer:

The correct answer is E. Initial public offering.

Explanation:

An Initial Public Offering (IPO) is an equity offering where a <u>private company</u> or '<u>issuer</u>' decides to <em>go public for the first time</em>. This is a big step for companies to raise capital through public investors, get access to better and more credit and further grow a company. To go through with an IPO, a company must meet the requirements of the Securities and Exchange Comission (SEC).

The process is made with the help of one or more <u>investment banks</u> that act as <u>underwriters</u>. Underwriters take care of the offering from the beginning to the end of the IPO by preparing documentation, providing proposals on selling price, amount of shares & timeframe for the market offering, marketing campaigns and going through the issuing process.

5 0
3 years ago
Question number q 5.8: a company has a policy to sell goods on account with terms of 2/10, n/30. if a customer purchased $100 of
sdas [7]
<span>Question number q 5.8: a company has a policy to sell goods on account with terms of 2/10, n/30. if a customer purchased $100 of merchandise from this company for cash instead of on account, the customer would pay</span>
6 0
3 years ago
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