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Usimov [2.4K]
3 years ago
7

Economic efficiency is

Business
1 answer:
Marina CMI [18]3 years ago
6 0

Answer:

The correct answer is option A.

Explanation:

A market outcome will be considered economically efficient if the marginal benefit earned from the last unit is equal to the marginal cost incurred in the production of the last unit while the economic surplus or the sum of consumer surplus and producer surplus is at maximum.

If the marginal cost and benefit are not equal then the outcome is said to inefficient. It means that either the resources are not being allocated efficiently or the production is not efficient.

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N
ankoles [38]

Answer:

Stocks is the type of investments that offers both capital gains and interest income.

4 0
3 years ago
Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airli
marta [7]

Answer:

The correct answer would be option B, GreyHound Bus System.

Explanation:

Greyhound Bus System is considered to be the generic competitor for Southwest Airline. Generic competitors are the ones who have different products or provide different services but the purpose of the product or service remains the same.

So the Greyhound Bus System and Southwest Airline both provide different services, as Greyhound bus system allows travelling through bus while Southwest Airlines allow travelling through aircraft, but the purpose of both the companies remain same, which is to travel or to transport people from one place to another. So these both companies will be the generic competitor of each other.

6 0
2 years ago
Read 2 more answers
Realizing that it was time to invest in an updated information system, a young ceo made the following announcement in his weekly
Alexeev081 [22]
I had to look for the options and here is my answer:

Based on the given scenario above regarding the changes that a young CEO made in his company, which resulted in the poor interpretation among his employees, the progressive companies at present would now incorporate strategies that continuously adapt a FORMAL AND INFORMATION ORGANIZATION THAT AIDS IN CHANGES.
5 0
2 years ago
Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization
lbvjy [14]

Answer:

b. It creates equality throughout society

Explanation:

Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other , rather than each country producing each good.

It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.

However, it is not in anyways connected to equality throughout society.

3 0
3 years ago
Wendell Company provided the following pertaining to its recent year of operation:• Common stock with a $10,000 par value was
den301095 [7]

Answer:

Option (D) $27,000

Explanation:

Data provided in the question:

Cash dividends declared = $20,000

Dividends paid = $15,000

Net income = $70,000

Market value of the stock dividend = $23,000

Treasury stock = $9,000

Selling cost of the treasury stock = $7,000

Now,

Retained earnings increase during the recent year of operation will be

= Net income - Cash dividends declared - Market value of the stock dividend

= $70,000 -  $20,000 - $23,000

= $27,000

Hence,

Option (D) $27,000

3 0
3 years ago
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