Answer:
D. society’s scarce resources are used to produce products that align with consumer preferences
Explanation:
Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.
Answer:
Hyoid bone
Explanation:
The hyoid is anchored by muscles from the anterior, posterior and inferior directions, and aids in tongue movement and swallowing.
Answer:
The correct answer is A. Stocks
This is mainly because stocks are sensitive to market prices, economic conditions and even the political environment. Moreover, there are no guaranteed income and interests in stocks. The return is based on the company performances.
Explanation:
Answer:
Minimum Selling Price = $3
∵ MR = P , MR ≥ MC (for sale). ∴ P ≥ MC
Explanation:
Special Order of 11000 arc printers has been recently received by Zena. Additional (marginal) cost per printer = $3 , needed for new product. Fixed manufacturing cost is constant irrespective of production level.
Price equal to Marginal Cost is the minimum condition for seller (Zen) to sell. As; in case of constant prices, price is equal to Marginal (additional) Revenue per unit sale. And, Marginal Revenue should be more than or at least equal Marginal cost to incentivise sale. If Marginal revenue from increased output unit is less than its marginal cost, the sale of that unit is loss making, & wont be done.
