Answer:
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Answer:
<u>Allocative efficiency </u>
Explanation:
Marginal benefit refers to the extra satisfaction derived from purchase of an extra unit of a good or a service.
Marginal cost refers to the extra cost incurred when an additional unit of a good or a service is produced.
When marginal cost is equal to the marginal benefit, it is the most efficient situation wherein optimal blend of commodities is produced.
Allocative efficiency refers to producers providing that blend of goods which are most desired by the society at the optimal level of production.
Answer:
the yellow fever outbreak
Explanation:
when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it
impose expectations and guidelines for moral conduct. The foundation of duty-based ethics is the notion that every business has obligations to others.
What is Ethical Behavior?
The use of moral principles in a specific circumstance is considered an ethical activity. It is acting in accordance with the moral guidelines established by the society in which we reside. Both interpersonal and professional connections at work can exhibit ethical behaviour. Corporations as legal entities can also use the idea. It assesses how decisions are morally significant in each of the aforementioned scenarios. A civilization must have ethical behaviour in order to run well. People who act unethically typically lose the trust of others, and the law should punish them for their unethical behaviour.
To learn more about Ethical Behaviour
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Answer:
Explanation:
Direct labor and factory overhead
