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Usimov [2.4K]
4 years ago
7

Economic efficiency is

Business
1 answer:
Marina CMI [18]4 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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A cost production report is being used to help managers set a selling price high enough to cover the manufacturing cost of each
larisa [96]

Answer:

Price of products

Explanation:

If a cost provides production report is used to set a selling price of a product that cover manufacturing and all other costs then report is an example of profit

3 0
3 years ago
The Caesar Park Hotel generally caters to business customers during the week, so weekends are relatively quiet. The hotel has de
V125BC [204]

Answer:

It is trying to cultivate non peak demand. (B)

Explanation:

Non Peak demand are Minimum demand, hence in the case of Ceasar Park Hotel, they decided to promote mini vacation weekends for non business customers as a way of increasing the demand of their services during the weekends.

The Ceasar Park Hotel, observed that the weekends are relatively quiet, thus, they introduced 'the mini vacation weekends', as a way of 'cultivating non peak demand'.

7 0
3 years ago
The problem of a double coincidence of wants refers to A. poorlyminusmanaged companies producing what consumers want only by coi
bija089 [108]

Answer:

D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Explanation:

Double confidence of wants was one of the shortcomings of the barter system.

For example, if someone wants corn and has yam. He has to find someone that wants yam and has corn to trade in order for a trade to occur.

The introduction of money solved this problem.

I hope my answer helps you

7 0
3 years ago
Sale of short-term stock investments $ 3,000
Igoryamba

Answer: $400

Explanation:

Cashflows from Investing Activities refer to those that have to do with the purchase or sale of fixed assets as well as other company securities.

Cashflows from investing activities here are:

= Sale of short term stock investments - Purchase of used equipment

= 3,000 - 2,600

= $400

4 0
3 years ago
Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required reserve ratio of 10 percent. Wh
Bumek [7]

Answer:

Money Multiplier= 1/ reserve ratio = 1/10% = 10

Change in Money Supply = Change in Reserves * Money Multiplier

= 1,000 * 10 = 10,000

So, option d is the correct option.

4 0
4 years ago
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