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2 years ago

The distinction between efficiency and equality can be described as follows:

Business

1 answer:

larisa [96]2 years ago

5 0

Answer:

The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.

Explanation:

Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.

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!!50 Points answer quickly!!

Olin [163]

Answer:

i think it's

jesse

Explanation:

7 0

2 years ago

A 60,000 square meter rectangular yard is to be enclosed on three sides by wood fencing that costs $25.00 per meter and on the f

raketka [301]

Answer:

$C'(y) = 50 -\frac{3900000}{y^2}=0$

And we can solve for y and we got:

$y = \sqrt{\frac{3900000}{50}}= 279.285$

And using condition (1) we can solve for x and we got:

$x= \frac{60000}{279.285}= 214.834$

So then the minimum cost for this case would be:

$C = 50*279.285 + 65*214.834 = 27928.49$

Explanation:

For this case the graph attached illustrate the problem for this case

We know that the total area is 60000, so then we have:

$xy = 60000$

If we solve for x we got:

$x = \frac{60000}{y}$ (1)

Now we can define the cost function like this:

$C = 2*(25)*y + 25 x +40 x$

$C(x,y) = 50 y + 65 x$

We can use the condition (1) and if we replace in the cost function we have:

$C(y) = 50 y + 65(\frac{60000}{y})$

Since we need to minimize the cost, we can derivate the function in terms of y and we got:

$C'(y) = 50 -\frac{3900000}{y^2}=0$

And we can solve for y and we got:

$y = \sqrt{\frac{3900000}{50}}= 279.285$

And using condition (1) we can solve for x and we got:

$x= \frac{60000}{279.285}= 214.834$

So then the minimum cost for this case would be:

$C = 50*279.285 + 65*214.834 = 27928.49$

7 0

3 years ago

Which process best describes how you might prepare to apply for a job?

Tatiana [17]

C You always want to prepare

7 0

2 years ago

Read 2 more answers

Daniels Transport has operating income of $68,200, interest expense of $210, dividends paid of $320, depreciation of $12,400, ot

Kisachek [45]

Answer:

Option (a) is correct.

Explanation:

Given that,

Operating income = $68,200

Interest expense = $210

Dividends paid = $320

Depreciation = $12,400

Other income = $2,100

common stock = $48,500 with a par value of $1 per share

Retained earnings = $29,700

Income before taxes:

= Operating income - Interest expense + Other income

= $68,200 - $210 + $2,100

= $70,090

Net income:

= Income before taxes - Taxes at 21%

= $70,090 - ($70,090 × 21%)

= $70,090 - $14,719

= $55,371

Shares of common stock outstanding:

= Common stock ÷ Par value per share

= $48,500 ÷ $1

= 48,500 shares

Earnings per share:

= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500

= $1.14 per share

Therefore, the earnings per share if the tax rate is 21 percent is $1.14.

3 0

3 years ago

If you cause a car accident, which type of insurance will require you to pay the least out of pocket

WARRIOR [948]

A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan.

3 0

2 years ago

Read 2 more answers