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3 years ago

In an economy with equilibrium prices and quantities, producers are using their resources in a(n) _____ way.

Business

2 answers:

elena-14-01-66 [18.8K]3 years ago

8 0

Answer: Efficient

Explanation:

In an economy, the equilibrium quantity and the prices are used in an efficient way by the producers. The economic equilibrium is the condition in which the various types of economical forces are get balanced in an efficient way.

The economic equilibrium are also known as the market equilibrium. When the quantity demand are get equal to the quantity supplied then, the is known as the equilibrium prices.

Vikentia [17]3 years ago

4 0

The answer is the word efficient.

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Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Assume that

dusya [7]

Answer:

C) 6 pounds of pork and 8 pounds of tomatoes

Explanation:

Explanation:

Labor hours to make 1 lb. of: lbs. produced in 24 hours

Pork Tomatoes Pork Tomatoes

Farmer 6 3 4 8

Rancher 4 4 6 6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

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3 years ago

Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Cost and revenue data pertaining to each product are

Dima020 [189]

Answer:

Gunst should produce 500 Bio-mutant games:

total contribution margin = $71 x 500 = $35,500

Explanation:

Android Bio-mutant Cyclops

selling price $100 $107 $125

labor $48 $24 $60

direct materials $9 $8 $16

variable overhead $7 $4 $9

contribution margin $36 $71 $40

labor hours 4 2 5

Bio-mutant generates by far the largest contribution margin and requires the least direct labor hours.

Gunst should produce 500 Bio-mutant games:

total revenue = $107 x 500 = $53,500
total contribution margin = $71 x 500 = $35,500

If it produces 250 Android games its total contribution margin will = $9,000

If it produces 200 Cyclops games its total contribution margin will = $8,000

7 0

3 years ago

What if this website was a dating and show yourself and butt app/website?

marta [7]

It’s not but that would be weird considering a lot of people on here are minors

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3 years ago

Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate b

lisabon 2012 [21]

Answer:

Contribution Margin for each corporate customer= $ 67.5

Explanation:

Intricate Computer Solutions

Corporate Business Segment Individual Business Segment

Revenue. $ 60, 000 $ 45,000

Variable costs $ 33, 000 $ 25,100

Contribution Margin $ 27,000 $ 20,000

Less

Fixed costs $ 7, 500 $ 7, 500

Operating Income $19,500 $12,500

Contribution Margin for each corporate customer= Contribution Margin/ No Of Customers =$ 27000/ 400= $ 67.5

3 0

3 years ago

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midshipmen Company borrows $17,500 from Falcon Company on July 1, 2021. Midshipmen repays the amount borrowed and pays interest

irina [24]

Answer:

Debit Credit

July 2021

Cash 17,500

Loan payable 17,500

June 30, 2022

Loan Payable 17,500

Interest payable 2,100

Cash 19,600

Adjusting Entry's

Debit Credit

Interest expense 1050

Interest Payable 1050

Explanation:

Interest for the year = 0.12*17500=2100

Interest expense 2021= 6/12*2100= 1050

6 0

3 years ago

Read 2 more answers