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nignag [31]
3 years ago
12

When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic effic

iency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.
Business
1 answer:
Sergeu [11.5K]3 years ago
5 0

Complete Question:

When property rights are well defined and markets are competitive, the

Group of answer choices:

a. market equilibrium violates the conditions for economic efficiency.

b. market equilibrium is consistent with economic efficiency.

c. conditions necessary for economic efficiency no longer apply.

d. quantity supplied will rarely equal the quantity demanded.

Answer:

b. market equilibrium is consistent with economic efficiency.

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.

Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.

Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.

<em>This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy. </em>

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Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority
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Answer:

Decentralised organisation

Explanation:

Decentralised organisation are those in which most of the authority to perform tasks is given to.lower level management or even individual teams.

This results in a system where decisions are made faster.

Also a small amount of control is maintained for major decisions.

In the given instance Jake's company gives all lower-level managers the authority to make decisions for his or her department, this is a decentralised organisational system

6 0
3 years ago
Juxipi Inc. is well known for having a stronger credit score than its competitors. that is why, buyers are more willing to buy p
rewona [7]

Answer:

d. Commercial paper

Explanation:

-Short-term bank loans is a loan that has to be paid back in a year.

-Factoring is when a company sells its accounts receivable to another company at a cheaper price.

-Trade credit is a credit that a supplier gives to its clients to make the payments later.

-Commercial paper is a promissory note used by companies to get money to cover short-term liabilities and has a period of time of up to a year.  

According to this, the answer us that the short-term financing option that is being offered by Juxipi Inc. in the given scenario is commercial paper.

4 0
3 years ago
If D 0 = $1.75, g (which is constant) = 3.6%, and P 0 = $32.00, what is the stock's expected total return for the coming year?
Contact [7]

Answer:

Stock's expected total return for the coming year is 9.27%

Explanation:

P0 = D0(1+g) / (r-g)

$32 = 1.75 * (1 + 3.6%) / (r - 3.6%)

32 = 1.75 * (1.036) / (r - 0.036)

32 = 1.813 / (r - 0.036)

32*(r - 0.036) = 1.813

32r - 1.152 = 1.813

32r = 1.813 + 1.152

32r = 2.965

r = 2.965 / 32

r = 0.09265625

r = 9.265625%

r = 9.27%

6 0
3 years ago
Zipcar’s goal is to have an available zipcar located within 10–15 minutes of its members. This is an example of what component o
dolphi86 [110]

Answer:

The marketing mix element is Place

Explanation:

The place, as element of the marketing mix, consists of the location where the product or service is supplied by the firm, and bought by the customer.

In this case, the firm, Zipcar, has a clear goal for the element place of the marketing mix: to have a zipcar location available within 10-15 minutes of its members. This strategy is clearly important for the firm because it would require a significant number of locations, or "places", meaning that the place is probably one of the most crucial aspects of the firm's marketing strategy.

5 0
3 years ago
When should supplies be recorded as an expense?
Crazy boy [7]

Answer:

Supplies should be recorded as an expense when it is used up during an accounting period.

Explanation:

Supplies which is also refers to as office supplies can be described as consumables and equipment which are used from time to time by company. Examples of office supplies include printer paper, pencils, notebooks, binders, pens and among others.

When supplies are bought before they are used, they are recorded as office supplies by adding them to office supplies on hand at the beginning of to obtain total supplies for an accounting period under the current asset in the balance sheet. Any part of the office supplies used up during an accounting period is recorded an expense during that accounting period in the income statement. The part used is deducted from the total supplies obtained supplies on hand at the an accounting period to be recorded under the current asset in the balance sheet.

Therefore, supplies should be recorded as an expense when it is used up during an accounting period.

7 0
3 years ago
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