Answer:
The correct choice is allocative efficiency : marginal costs
Explanation:
In perfect competition if firms produce where P=MC they ensure allocative efficiency because the social benefits of production as measured by the price that people are willing to pay, are in balance with the Marginal costs to society of that production.
Perfect competition calls for allocative efficiency.
Allocative efficiency is a state of the economy in which production represents consumer preferences. That means every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing.
Answer:
Retained earning balance at the end would be = $205,000
Explanation:
Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid
The net income would increase the balance of the retained earnings hence it is added to it.
The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.
So applying this to the question, we have
Retained earning balance at the end would be:
25,000 + 200,000 - 20,000 = $205,000
Retained earning balance at the end would be = $205,000
Answer: $1.50 per each
Explanation:
6/4 = 3/2
3/2 = 1.5
1.5(4) = $6
Answer:
Study group are the institutions which provide students with the lectures and note. They help students for preparing assignments and hep them with their presentations. There can also be various study groups which help students with thesis writing.
Explanation:
The main purpose of study groups is to bring all the intellectual at one platform. There are multi talented youth who has different skills. These students are united at one platform and their intellectual is exchanged and enhanced by healthy discussions.