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scoray [572]
3 years ago
12

________ is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the mar

ginal cost of production, and in which the sum of consumer surplus and producer surplus is at a maximum.
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer:

Economic efficiency

Explanation:

Economic efficiency is when the allocation of resources in an economy is fully optimal and benefits all economic agents. It is when nothing can be improved without putting another at a disadvantage.

It is when there's equilibrium in the economy.

I hope my answer helps you

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Paula weeded 40% of her garden in 8 minutes. How many minutes will it take to weed all of her garden at this rate ?
Digiron [165]

Answer:

3.2

Explanation:

when we get the 8 minutes and multiply

the rate which is 40% we get 3.2. 8*40/100=3.2 minutes.

3 0
3 years ago
explain how the price consumers pay for a good is influenced by the price of the resources that go into making it
Reika [66]

Answer:

Here's an example

I sell bead bracelets for $5.00. The chord I use to make them is $2.50 for 5 feet. Each bracelet needs 1/4 of a foot of chord. That is $0.13 worth of chord per bracelet. The beads I use are 30 beads for $1.00. I use 5 beads in each bracelet. That is $0.17 worth of beads per bracelet. The total price of the materials per bracelet is 30 cents. Let's say It takes me 10 minutes to make a single bracelet. If I sell the bracelet at 30 cents, I would no have made a profit and would instead lose 10 minutes of my time. If I sell it for anything less, I would be losing money and time. If I want to make a profit, I need to add the money I want to make plus the cost of resources. Therefore, if I want to make a profit of $4.70, I must sell the bracelets for $5.00.

4 0
3 years ago
Which of the following statements is (are) false?(A) Operations costing accounts for material costs like job costing and convers
Airida [17]

Answer:

C. Both A and B

Explanation:

Operation Costing:

is the acccount of process costing until there is a split-point when the costing systems moves to job system.

This means the materials are calculate with calculate with process costing. And then there is a degree of customization which makes the job costing useful.

(A) FALSE is the other way around. The system use process costing until split point, when it switch to job costing for specific procedures.

(B) FALSE

An automobile manufacturer do the same car over and over.

There is no difference between the car. It will use process costing.

6 0
3 years ago
a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resou
aleksley [76]

A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to <u>finance new acquisitions, fund share buyback programs, or pay dividends.</u>

What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.

You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.

Therefore, the correct option is (B) cash cow
To learn more about portfolio
brainly.com/question/25929259
#SPJ4

7 0
1 year ago
Haley romeros had just been appointed vice president of the rocky mountain region of the bank services corporation (bsc). the co
cluponka [151]

computerized database

7 0
3 years ago
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