1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performa
forsale [732]

Answer and Explanation:

The computation is shown below:

a. The new customer retention rate is

(a) the day above 3 days from order to delivery

= 3.5 - 3

= 0.5 days

And,

The reduction in customer retention rate is

= 0.5 ×  1%

= 0.5%

errors above three per month is

= 6 - 3  

= 3

The reduction in customer retention rate is

= 3 ×  1.5%

= 4.5%

So, the new customer retention rate is

= 60% - 0.5% - 4.5%

= 55%

(b) The total reduction in customer retention rate is

= 0.5 + 4.5

= 5.0%

The reduction in market share is

= 5% × 0.5

= 2.5%

Now

New market share is

= 21.4% - 2.5%

= 18.9%

8 0
3 years ago
An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is
SIZIF [17.4K]
The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

5 0
3 years ago
Janet saw on the news where a family of seven children perished in a house fire—it was also revealed that the house did not cont
andreev551 [17]

Answer:

Proposition of Fact    

Explanation:

A proposition of fact is the argument that tries to convince the audience about a course of action which the argument maker desires everyone must accept. So in this scenario, Janet brings forward a solid argument which is supported by the accident outcome and this argument can be used to convince the audience.

5 0
3 years ago
Assume for a perfectly competitive firm, the market price of one box of tissues is $2. What is the marginal revenue when sales i
trapecia [35]

Answer:

The marginal revenue = $2

Explanation:

Firstly we calculate the value in dollars for the number of boxes sold

For 100 boxes, we have 100 * 2 = $200

For 200 boxes, we have 200 * 2 = $400

Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity

= (400-200)/(200-100) = 200/100 = $2

Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)

8 0
3 years ago
Need help ASAP Need help ASAP
TEA [102]

Answer:

number 3 lang ung X 1 2 4 5 heart na

6 0
3 years ago
Read 2 more answers
Other questions:
  • Wally's hardware store is located in a small town in the midwest. this store would best be classified as a(n) _____.
    11·1 answer
  • At the lowest price for jeans consumers will demand the ___ jeans and Producers Supply the ___ jeans
    9·1 answer
  • On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as o
    12·1 answer
  • An investment with more liquidity would be ideal for someone who
    15·2 answers
  • A polisher costs $10,000 and will cost $20,000 a year to operate and maintain. If the discount rate is 10 percent and the polish
    9·1 answer
  • Toyota deciding to issue $175 million in long-term debt is an example of which of the following corporate financial decisions?
    9·1 answer
  • How are resources and scarcity connected?
    8·1 answer
  • Liabilities normally carry a _______ balance and are shown in the ______________. Debit; Balance sheet Debit; Income statement D
    10·1 answer
  • New customers may be turned over to account servicing salespeople referred to as
    13·1 answer
  • A $1,000 par value bond was issued 25 years ago at a 12 percent coupon rate. It currently has 15 years remaining to maturity. In
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!