Answer:
Not produce any additional roast beef sandwich
Explanation:
Allocative efficiency is reached when the marginal benefit or producing one more unit of output equals the marginal cost.
Allocative efficiency - Marginal Benefit (MB) = Marginal Cost (MC)
For this local deli, producing one more roast beef sandwich has a marginal benefit of $2, and a marginal cost of $3, we have:
MB = MC
$2 = $3
For the local deli, in this situation there is no allocative efficiency because the marginal cost is higher than the marginal benefit, therefore, the firm should not produce any additional roast beef sandwiches.
A credit card has to be paid in full on the due date. The correct option among all the options that are given in the question is the first option. The other choices are incorrect and can be easily neglected. The amount of money that the credit card company bills for a month has to be paid in full within the due date or additional fine would be added to the next bill.
Under the market system, prices coordinate the decisions made by households and businesses.
<h3>What is a market system?</h3>
It should be noted that a market system simply means an economy whereby the individual makes choices in the market and decisions.
In this case, under the market system, prices coordinate the decisions made by households and businesses.
Learn more about market system on:
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Answer: In my opinion, it's most likely C
Explanation: they won't be as motivated to hit the sales quota because the bonus is no longer available
Answer: Option (a) is correct.
Explanation:
Transaction costs are considered as a barrier or obstacle to trade between the nations. High transaction costs are generally occured because of the geographical proximity. Geographical proximity refer as the distance between the two nations. The larger the distance between the two nations, the larger will be the transaction costs. Therefore, higher transaction costs directly affects the trade between the two countries because it will become expensive for the nation.
Hence, this will reduce the number of mutually beneficial exchanges.
