All categories

3 years ago

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.

You might be interested in

What type of market entry strategy do you recommend for Burger Time?

morpeh [17]

Answer: Franchise

Explanation:

Franchise could be defined as when new or intending growing businesses use the name of bigger or renowned business names, brands to run their own business. This helps for popularity sake, and making the goods of the smaller business to be marketable through the awareness that has been built in the trust that people have known the big firm for. Most new firms looking to break a competitive market aim at doing this.

6 0

3 years ago

A(n) is a request by an account holder to the bank not to pay a specific payment.

Rasek [7]

the answer is stop payment!

3 0

3 years ago

Read 2 more answers

Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear

scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

Swift Company

Income Statement

For the Month Ended August 31

Particulars Amount (in $) Amount (in $)

Sales .............................................................. 450,000

Cost of goods sold:

Finished goods inventory, August 1 ............... 40,000

Add: Cost of goods manufactured ................. 310,000

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31.. 60,000 290,000

Gross margin .................................................. 160,000

Selling and administrative expenses ................. 142,000

Net operating income...................................... 18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

brainly.com/question/24498019

#SPJ4

7 0

1 year ago

The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici

weeeeeb [17]

Answer: (C) Ethical climate

Explanation:

The ethical climate is one of the organizational based atmosphere where the company basically focuses on the employees ethical values, laws and the environment that helps in making different types of complex decisions.

The main purpose of the ethical climate in an organization is that it helps in maintaining the values, principle and the moral of the company employees.

According to the given question, the Pi's pizza is one of the restaurant that maintain the ethical climate by follow the various types of ethical policies. Therefore, Option (C) is correct answer.

7 0

3 years ago

In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decr

Monica [59]

In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.

Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.

GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.

learn more about Gross domestic product (GDP) here

brainly.com/question/1383956

#SPJ4

3 0

2 years ago