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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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Question 6 of 10

Drupady [299]

Answer:Work organization and design. Increase output with higher quality. Creative and productive employees (less structured work).

1. Improve productivity2. Improve quality of work life3. Ensure legal compliance4. Foster ethical behavior

Explanation:

8 0

3 years ago

During the year, The Dalton Firm had sales of $3,210,000. Cost of goods sold, administrative and selling expenses, and depreciat

AURORKA [14]

Answer: $263,660

Explanation:

Given that,

Sales = $3,210,000

Cost of goods sold = $2,540,000

Administrative and selling expenses = $389,000

Depreciation expenses = $112,000

Interest expense = $118,000

Tax rate = 34 percent

EBIT = Sales - Cost of goods sold - administrative and selling expenses - Depreciation

= $3,210,000 - $2,540,000 - $389,000 - $112,000

= $169,000

EBT = EBIT - Interest

= $169,000 - $118,000

= $51,000

Net Income = EBT - 34% Income tax

= $51,000 - 34% × $51,000

= $51,000 - $17,340

= $33,660

Operating cash flow = Sales - Cost of goods sold - Administrating expense - 34% Income tax

= $3,210,000 - $2,540,000 - $389,000 - $17,340

= $263,660

7 0

4 years ago

In comparing group and individual insurance, group insurance provides:

Nina [5.8K]

Higher benifits and Lower Costs

5 0

3 years ago

Describe a variable cost. Describe a fixed cost. Explain why the distinction between variable and fixed costs is important in co

Mama L [17]

Answer:

For the 1St question,

Total variable costs increase with increased production or sales volumes. Fixed costs are not influenced by fluctuations in production or sales volumes.

For the 2nd question,

Understanding whether a cost behaves as a variable or a fixed cost is essential to estimating and planning for business success.

Explanation:

The main difference between the fixed and variable cost is the way it is affected by the production capacity. Variable cost increases as more u it's are produced while.fixed cost remains constant as it is not related with units.

Moreover, Understanding and differentiating fixed and variable costs are important to categorize costs correctly for accounting purposes and to decide what sort of strategies must be implemented.

3 0

3 years ago

Use I = Increase, D = Decrease, or N = No effect, to indicate the effect on retained earnings for each of the listed transaction

yan [13]

Answer and Explanation:

A net loss for the year. (Increase) I

A stock split effected in the form of a stock dividend. (decrease) D

A stock split in which the par per share is reduced (but not effected in the form of a stock dividend). (No effect) N

Declaration of a 5% stock dividend. (Decrease) D

Declaration of a cash dividend. (Decrease) D

Issue stock for noncash assets. (No effect) N

Payment of previously declared cash dividend. (No effect) N

Retirement of common stock at a cost greater than the original issue price. (Decrease) D

Retirement of common stock at a cost less than the original issue price. (No effect) N

Resale of treasury stock for less than carrying value assuming no previous treasury stock sales. (Decrease) D

6 0

3 years ago