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VMariaS [17]
3 years ago
9

​What is the relationship between total surplus and economic efficiency?

Business
1 answer:
mrs_skeptik [129]3 years ago
3 0

Answer: When total surplus gets maximized, then economy meet economic efficiency.

Explanation:

Economic efficiency is described as a thinking that there is one possible way to make situation better by imposing a cost on another.

Total surplus is described as the sum of producer and consumer surplus.

It gets maximized in a perfect competition (hit free-market equilibrium).

i.e. It gets maximized when both consumer and producer surplus is maximum, and then the economy meet economic efficiency.

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3 years ago
The following transactions were completed by the company. The company completed consulting work for a client and immediately col
Burka [1]

Answer:

See explanation Section

Explanation:

See the image to get the appropriate answer.

7 0
3 years ago
Workplace CrossWord Help:
elena55 [62]

Answer:

Hazard Control

Explanation:

Hazard control can be defined as the a worldwide accepted system that is setup by industries or companies to ensure the reduction or elimination of work hazards.

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cheers

4 0
3 years ago
On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
goldfiish [28.3K]

Answer:

$780

Explanation:

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3 0
3 years ago
Which of the following affects the natural environment negatively?
Vaselesa [24]

Answer:

Production of solar panels

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In as much as solar panel is a good source of clean and renewable energy , the production processes of solar panels pose a threat to the natural environment.

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So also , a large no of space is required for the production which can birth environmental degradation and loss of habitat

5 0
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