Answer:
The correct answer is Allocative efficiency.
Explanation:
Although there are different evaluation standards for the concept of allocation efficiency, the basic principle states that, in any economic system, the different options in the allocation of resources will produce both "winners" and "losers" in relation to the choice being evaluated. The principles of rational choice theory, individual maximization, utilitarianism and market theory assume, in addition, that the results for both winners and losers can be identified, compared and measured.
From these basic premises, the objective of maximizing the efficiency in the allocation can be defined according to some neutral principle in which some options are considered “objectively better than others”. For example, an economist might say that a change in policy increases the efficiency of allocation, as long as those who benefit from the change (winners) earn more than the losers lose.
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The answer is a I believe I'm not really sure
Answer:
$16,100
Explanation:
Add the total manufacturing costs for the year to determine the cost of goods manufactured during the current year. Also remember to account for change in work in process inventory.
Answer:
Annual increase is $1,108.4
Explanation:
In 2016, average price was $27,258.6
In 2010, average price was $20,608
Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6
Annual average increase = $6650.6/6 = $1,108.4
Answer: $1,014,300
Explanation:
The company wants to maintain 20% of the next month's needs as ending inventory.
One Miniwap requires 2.5 kg of Jurision to be made.
Materials purchased is;
= Ending inventory + Materials used - Begining inventory
Ending Inventory;
= 20% of September Jurision
= 20% * 21,300 * 2.5
= 10,650 kg
Materials used
= 2.5 kg * August Miniwaps
= 2.5 * 22,600
= 56,500 kg
Materials Purchased = 10,650 + 56,500 - 10,800
= 56,350 kg
Cost of Jurision is $18 per kilo
= 56,350 * 18
= $1,014,300