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
topjm [15]
3 years ago
14

Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost eq

uals marginal revenuec. marginal cost equals the marginal benefit to societyd. marginal revenue equals marginal benefit to society

Business
1 answer:
Usimov [2.4K]3 years ago
3 0

Answer: Allocative efficiency occurs when the<u><em> marginal cost equals the marginal benefit to society</em></u>

Allocative efficiency is a state of the economy in which production stand for individual preferences, every commodity or work is produced up to the state where the last part renders a marginal benefit to individual equal to the marginal cost of producing.

<u><em>Therefore the correct option is (c)</em></u>

You might be interested in
Is it ethical for large companies to market small brands as being local, natural, or eco-friendly when they are in fact owned by
klio [65]

Answer:

yes

Explanation:

companies will not yell the truth

3 0
2 years ago
Consider a city of 200 people (100 rich and 100 poor) and two neighborhoods (100 people in each). Both groups generally prefer t
Mekhanik [1.2K]

Answer:

Explanation:

Step 1. Given information.

  • City of 200 people
  • 100 rich, 100 poor.

Step 2. Formulas needed to solve the exercise.

  • P(poor) = 0.9x^2
  • P(rich)= 35x-0.1x^2

Step 3. Calculation and step 4. Solution.

P(poor) = p (rich)

0.9x2 = 35x - 0.1x2

1x2 = 35x

x = 35

x is the percentage of rich above 50%, thus there are 35% rich people above 50%.

P (poor) = 1102.5

P (rich) = 1102.5

The equilibrium premium is $1,102.5

3 0
3 years ago
Giving 100 point s away<br><br> How are ribbons worn on the female Class A and Class B uniforms?
blondinia [14]

Answer:

The nameplate will be worn in a comparable position on the Class B uniform. Ribbons: Ribbons are to be aligned with the bottom row of the ribbons centered horizontally on the wearer's left side and even with the top of the first exposed button and spaced 1/8 inch between each row.

6 0
2 years ago
Purchasing stock on credit is called?​
Natalija [7]

Answer:

it's known as a margin call.

Explanation:

Buying on margin is borrowing money from a broker in order to purchase stock. Margin trading allows you to buy more stock than you'd be able to normally.

4 0
3 years ago
Read 2 more answers
Identify the statement below that is incorrect. A) The normal balance of accounts receivable is a debit. B) The normal balance o
a_sh-v [17]

Answer:

D) The normal balance of an expense account is a credit.

Explanation:

We know that

The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.

So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Equipment loans are often tied to all of the following except:
    15·1 answer
  • Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her
    13·2 answers
  • WILL MARK BRAINLIEST!!!!!
    5·1 answer
  • If financial markets were inefficient,
    15·1 answer
  • On July 31, 2022, Sunland Company had a cash balance per books of $6,275.00. The statement from Dakota State Bank on that date s
    6·1 answer
  • Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following informati
    5·1 answer
  • When Hertz Rent-a-Car decides to expand its fleet, several companies as well as consumers will be involved. Financial services w
    6·1 answer
  • The primary purpose of measuring the overall level of prices in the economy is to
    5·1 answer
  • The role of the financial manager is closely related to three main cash-related activities: Financing Investing Operating.
    11·1 answer
  • Goal displacement, satisficing, and groupthink are:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!