Answer:
Allocative efficiency is about distributing or allocating resources in the best possible manner. E.g. in order to fight the current pandemic, more resources ($) is allocated to different health care institutions.
Productive efficiency is about how a company or a person uses the resources that it has in order to produce the greatest amount of benefits at the lowest possible cost. E.g. in a hospital, if a doctor is able to treat 15 patients per day, his/her productive efficiency will be higher than another doctor that only treats 10 patients per day.
Answer:
1. Actual Price
2. Misperceptions theory.
Explanation:
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.
For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.
The above explanations is the reason why the aggregate supply curve slopes upward in the short run
Answer: Four pies.
Explanation:
Marginal cost is the additional cost of producing one extra unit of a good or service.
From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.
From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.
The answer of the country is now 12.7 and the answer of the year is to 2024
Answer:
22.33 m
Explanation:
We are given;
Coefficient of kinetic friction between the puck and floor; μ = 0.5
initial speed of the puck; u = 14.8m/s
From Newton's equation of motion, we know that;
v² = u² + 2as
But since it decelerate to rest, the acceleration will be negative.
Thus;
v² = u² - 2as
Final velocity is zero, thus;
0 = u² - 2as
Thus, a = u²/2s
Where s is the distance covered before coming to rest.
Now, we know that formula for the frictional force is;
F = μmg
F/m = μg
We also know that F/m = a
Thus, a = μg
Thus:
u²/2s = μg
s = u²/(2μg)
s = 14.8²/(2 × 0.5 × 9.81)
s = 22.33 m