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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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dalvyx [7]
<span>Communication is believed to be the foundation of covenantal relationships because it is the only way to share our ideas and our feelings with one another. In a relationship, two people work together to make the other better. Through difficult times and accomplishments the couple grows together and the goal is to make the other person a better version of themselves. Communication allows the couple to explore these moments fully so that they can each be understood and have the opportunity to understand.</span>
3 0
3 years ago
From the McDonalds web "There is increasing concern about obesity rates and related risks to well-being among consumers, governm
Sidana [21]

Answer:

Social responsibility

Explanation:

Social responsibility is the way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.

6 0
3 years ago
If some of a person's wealth is in cash, it follows that Select one: a. this person's monetary wealth will change as the price l
kvasek [131]

Answer:

The answer is A.

Explanation:

If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.

Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.

And if there is decrease in general price level, the purchasing power of the cash will increase.

8 0
3 years ago
When people move to an area of the world that was previously unpopulated, we expect more consumers and more producers to spring
lukranit [14]

Answer:

The correct answer is option c.

Explanation:

When people move to a previously unpopulated area, the quantity of both consumers as well producers will increase. This will create an increase in both the demand as well as the supply. Both the demand and the supply curve will move to the right.

This rightward shift in both the demand as well as supply curve will lead to an increase in equilibrium quantity. The change in equilibrium price will depend upon the extent of change in demand and supply.

4 0
3 years ago
The conceptual model a. explores the effects of changing model parameters. b. controls the model inputs. c. helps in organizing
Romashka [77]

Answer:

the answer is option C) The conceptual model helps in organizing the data requirements.

Explanation:

The conceptual model is generic in nature an dis used majorly for databases.

The strength of the conceptual model lies in its ability to understand and accurately organize data for an organization.

It is also a powerful analytic tool for processing data into desired information that supports the need of the organization using it.

To achieve data organization and analysis, the conceptual model simulates the characteristics of the objects.

8 0
3 years ago
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