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inn [45]
3 years ago
5

If the current allocation of resources in the market for wallpaper is efficient, then it must be the case that

Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer:

b. the market for wallpaper is in equilibrium.

Explanation:

Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.

It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.

The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)

That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.

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Answer: C I believe

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2 years ago
In 2008 approximately what percent of the world's population lived in Asia? PROVIDE/EXPLANATION PROOF FOR YOUR ANSWER. INCOMPLET
azamat

Answer:

We can infer from the graph, that about two thirds (around 60%) of the world's population lived in Asia in 2008.

Asia is by far the most populated continent in the world. The two most populous countries of the globe are located in Asia: India, and China, each with over 1 billion people.

6 0
3 years ago
If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 uni
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Answer:

a) True

Explanation:

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2 years ago
The equity method with consolidation is used to account for long-term investments in equity securities with controlling influenc
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3 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
MrMuchimi

Answer:

Unitary variable cost= $8.08

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Explanation:

Giving the following information:

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Contribution margin= 24 - 8.08= $15.92

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