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3 years ago

Economic efficiency in a competitive market is achieved when

Business

2 answers:

Ludmilka [50]3 years ago

6 0

Answer:

when you operate with your own products

Explanation:

economically doing well on business and people loving the pricws

sergiy2304 [10]3 years ago

6 0

Answer:

The correct answer is letter "A": the marginal benefit equals the marginal cost from the last unit sold.

Explanation:

Economic efficiency is achieved if resources are distributed optimally to reduce waste and best serve each person in that economy. In economic technical terms, there will be the same level of marginal benefit and marginal cost. When Economic Efficiency exists, the cost of manufactured goods is the lowest possible and any change would affect any given consumer in the market.

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Suppose that an income producing property is expected to yield cash flows for the owner of $150,000 in each of the next five yea

vivado [14]

Answer:

$1,449,635.50

Explanation:

The computation of the value of the property today is shown below:

First the present value for 5 years is

Year Cash flows Discount factor Present value

1 $150,000 0.925925926 $138,888.89

2 $150,000 0.85733882 $128,600.82

3 $150,000 0.793832241 $119,074.84

4 $150,000 0.735029853 $110,254.48

5 $150,000 0.680583197 $102,087.48

Total present value $598,906.51

The discount factor is

= 1 ÷ (1 + rate)^years

And, the formula of future value is

Future value = Present value × (1 + rate)^number of years

$1,250,000 = Present value × (1 + 0.08)^5

$1,250,000 = Present value × 1.469328077

So, the present value is $850,729

Now the today value of the property is

= $598,906.51 + $850,729

= $1,449,635.50

7 0

3 years ago

Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is th

marta [7]

Answer:

C. Both (i) and (ii) are true

Explanation:

Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.

Under perfect competition, both supplier and consumer surplus exist.

Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.

5 0

3 years ago

What is the term for something that is produced by the mind, such as new invention that was commercial value?

mr_godi [17]

I just got a great idea?

6 0

3 years ago

A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet

azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

5 0

3 years ago

The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceiv

PIT_PIT [208]

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

7 0

3 years ago