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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>

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ARIBA network may not work as a B2C as opposed to B2B,
Snowcat [4.5K]

It is true to say that the ARIBA network may not function as B2C as opposed to B2B, as ARIBA is a business network focused on Business to Business (B2B) where buyers and suppliers can collaborate.

The advantages of companies participating in the ARIBA network are:

  • Collaboration
  • Opportunities
  • Relationship

Therefore, buyers have the advantages of greater management of the acquisition process and control of expenses, building an effective supply chain.

And suppliers increase cash flow, simplify the sales process and increase customer satisfaction.

Learn more about B2B here:

brainly.com/question/24674966

8 0
2 years ago
Which figure (amount) should be larger?<br> A. Expenses<br> B. income<br> C. Extras<br> D. Needs
olganol [36]
ANSWER:

Income

WHY:

The expenses and extras and needs should all add up to the income and the income should be over these expenses


MARK ME BRAINLIEST PLEASE
3 0
3 years ago
2. Consider a project which requires $1000 of initial investment and generates the next cash flows $300, $300 and $500 over the
den301095 [7]

Answer:

The project is profitable after  3.8 years

Explanation:

Year                           Cash Flow                            Cumulative  

0                                  -$1000                                  -$1000

1                                     $300                                    -$700

2                                     $300                                    -$400

3                                      $500                                     $100

400/500 0.8

<u>3.8 years</u>

4 0
3 years ago
6.) If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase p
NeTakaya

6).Option A.<em> </em><u><em>Division of labor</em></u>

Division of labor is defined as the allocation of various parts of a manufacturing process assigned to different people in order to increase the efficiency. Furthermore, distributing a job or task into many technical parts, among a single or few number of workers assigned to every part. <u>In mass production division of labor plays a significant role.</u> Division of labor is simply the division of tasks in , e.g, in a manufacturing plant. Each and every worker perform a certain duty. Which in results boosts efficiency and productivity.

7). Option B. <em><u>A paper cutting machine</u></em>

There are two types of costs namely variable costs and fixed costs. Fixed costs are the costs which are fixed an cannot be decreased or cut down in the short term. Fixed costs usually includes bill payments, physical structure of a company, rent, and machinery (in this case paper cutting machine). Variable costs are the costs which can be increased or decreased in the short term for example, labor and inputs. In case if a company is in financial loss situation or poor financial circumstances, the company can reduced their staff (labor) but the fixed costs cannot be cut down such as rent of the building or bills and most importantly machinery.

8). Option C. <u><em>Form Utility</em></u>

Form utility refers to the certain product or service that a company offers to its potential customers or clients. The value seen by a consumer or customer in the finished product is called Form utilities. The company emphasize on the increase in form utility by making of a product available for the final consumption on a way so that it is more beneficial for the customer in this form, rather than the materials in the raw form used to produce it.

9). Option B. <em><u>Depreciation</u></em>

Depreciation is defined as the monetary value of an asset reduced or decreased over the time due to its use, its wear and tear, and its obsolescence. Such as Machinery ( cars , machines), equipment (electronic devices, cell phones), currency. For example, when a new model of a car is launched the previous model loses part of it value or this could happen due to the use (wear and tear) or deterioration.

10). Option B. <u><em>Paint</em></u>

The cost f goods and services are the costs that must be included into the account of the costs of giving the services or making the products. In this case paint is the direct cost of goods and services for the company that paints houses. On the other hand flyers falls in the promotion costs. Whereas the van and the fuel used for commute are variable costs.

11). Option A. <u><em>Fewer workers will be needed</em></u>

In this case the increase in the productivity means increase in the production per worker. Like if the productivity increases definitely workers  will become more productive which results in the production of more goods produced per worker and if the demand is in elastic or not very elastic (as in  this case). Which means that the demand is not sensitive to the reduced or falling prices of goods then the definitely less or fewer workers will be needed to produce and supply the same amount of product.

12). Option B. <em><u>Labor</u></em>

The Law of diminishing returns could be applied to the three factors of production i.e. Land, Labor, and Capital, but it is commonly used to analyze the amount of production that will be attained by the adding additional unit of labor. Generally an additional unit of labor tend to produce diminishing levels of output for example, a worker will be able to produce 30 units per day, while on the other hand extra worker will produce only 27 units per day.

13). Option B. <em><u>Providing a delivery service</u></em>

Providing a delivery service is a way to increase possession utility for refrigerator. By making an increase in the possession in the way to ensure that you have the refrigerator or any other product that you are purchasing. Possession utility is the value which customers gets while buying a product. Possession is referred as the physical access of a product what a customer has purchased.

14). Option B. <u><em>A company that makes many sales</em></u>

Economies of scale is referred as where large organizations have the advantage over the small organizations. Which means the larger the organization selling and producing more products, the lower the cost compared to the small organizations. So an organization which makes larger sales has the cost advantages that the company will exploit by expanding their production size.

15). Option D. <em><u>By the amount a consumer is willing to pay for it</u></em>

The value of a product is calculated by the ratio of its quality to its price and Prices of products are determined by supply and demand. The greater the value of product, the better will be its position among competitors. Thus either increasing the quality or reducing the price of certain product will increase the chance that the consumer will select that product than the competing product.  So the value of the product is determined by the amount a consumer is willing to pay for it.  

4 0
3 years ago
superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
weeeeeb [17]

Answer:

h

Explanation:

5 0
3 years ago
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