Answer: B. Each firm produces up to the point where the price of the good equals the marginal cost of producing the last unit.
Explanation:
Allocative efficiency means that the point chosen on the production possibility frontier is socially preferred.
In a perfectly competitive market, allocative efficency is achieved at the point where price equals the marginal cost of production. At this price producer and consumer surplus is maximised.
Answer:
Self-concept.
Explanation:
Self concept is expressed in a companie's mission and it is the perception one has of his goals, characteristics, behaviours, and abilities.
It is a picture of what we think we are. In a business self-concept is important because it dictates the way we act and think on a daily basis.
When comparing mission statement of rival forms it is beneficial to try and get insights into their self-concept, so that strategies to compete with them can be formulated.
Answer:
The correct answer here is Cash basis.
Explanation:
One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.
A. Bias by placement, because bias by labeling would be something to the effect of calling the liberals point of view uneducated, or giving there view some negative label, bias by omission would mean completely ignoring the other side, and not covering it at all, whereas all the other ones don't really fit, bias by placement is something to the effect of airing one side in the morning, while everyone is watching, and airing the other one after everyone is asleep, which is what is done here, which we know by the sentence "<span>liberal point of view at the end."</span>
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The strength of bargaining power forces depends on the availability of substitutes and <span>the relative size of the firm </span>compared to the size of suppliers or customers.
