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Stels [109]
3 years ago
7

Distinguish between production efficiency and allocative efficiency. ​_______ efficiency occurs when we produce goods and servic

es at the lowest possible cost. ​_______ efficiency occurs when goods and services are produced at the lowest possible cost and in the quantities that provide the greatest possible benefit.
Business
2 answers:
Troyanec [42]3 years ago
5 0

Answer: Production efficiency, Allocative efficiency

Explanation:

ludmilkaskok [199]3 years ago
5 0

Answer:

<u>PRODUCTION</u> efficiency occurs when we produce goods and services at the lowest possible cost. ​

<u>ALLOCATIVE</u> efficiency occurs when goods and services are produced at the lowest possible cost and in the quantities that provide the greatest possible benefit.

Explanation:

Production efficiency basically refers to an economy producing along its production possibilities frontier (PPF). This means that it cannot produce any more units, since it is using all it available resources.

Allocative efficiency refers to an economy producing along its PPF at a point where it is maximizing the benefits obtained. The production of goods will match the combination that consumers need and prefer the most.

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Which of the following statements is​ correct?
vladimir2022 [97]

Answer:

C. Governments have a difficult time​ fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

8 0
3 years ago
What are the different elements of working capital and explain actions that Management of a business entity might take to reduce
faltersainse [42]

The different elements of working capital are <u>current current asset and current liabilities</u>. The management of a business entity might take <u>ratio analysis</u> to reduce the cycle.

Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.

<h3>What is working capital management?</h3>

Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.

Therefore, learn more about working capital management: brainly.com/question/28287025

#SPJ1

4 0
1 year ago
After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This require
anyanavicka [17]

Answer:

D. All of the statements are correct.

Explanation:

The Seller requires to

Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.

Use historical data of sales and returns and calculate the value of expected return items.

After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.

7 0
2 years ago
What are the uses of shares in raising capital for an entreprise
Alja [10]

Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.

ummmm I ain't sure if this is the answer you need please read properly before you write

8 0
3 years ago
Any establishment formed to carry on commercial enterprises is a
Colt1911 [192]
<span>Business organizations I bet. Hope this helps. :)</span>
6 0
3 years ago
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