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Nataly_w [17]
3 years ago
14

What is meant by allocative efficiency? Allocative efficiency is when every good or service A. is produced up to the point where

price equals marginal cost B. Is produced at lowest possible cost C. produced generates an equal amount of consumer surplus and producer surplus D. is produced up to the point where price equals marginal revenue E. is produced up to the point where the difference between the marginal benefit for consumers and the marginal cost of producing it is maximized
Business
1 answer:
Alborosie3 years ago
5 0

Answer:

Option (E) is correct.

Explanation:

Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.

Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.

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Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

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3 years ago
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Gross pay minus deductions is known as take home pay.<br><br> True<br> False
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Gross pay minus deductions<span>. Also </span>called take-home pay<span>. A special checking account used to </span>pay<span> a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, </span>deductions<span>, and net </span>pay<span> for each employee.

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after college hope it help :)

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The correct answer is a. corporate stories.

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