1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
3 years ago
15

The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor

e roast beef sandwich is $3. To improve allocative efficiency: producers should produce at least one more roast beef sandwich because MB > MC. producers should produce at least one more roast beef sandwich because MC > MB. producers should not produce one more roast beef sandwich because MB > MC. producers should not produce one more roast beef sandwich because MC > MB.
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

The correct answer is: producers should not produce one more roast beef sandwich because MC > MB.

Explanation:

In the given question, the additional benefit or marginal of producing one more unit of a sandwich is $2. The marginal cost or additional cost of producing a sandwich is $3.  

To improve allocative efficiency the producers should not produce one more unit as the marginal cost incurred in the production process is higher than the marginal benefit earned.  

The most efficient level of output will be the point where marginal benefit and marginal cost are equal. As long as the marginal benefit is higher than the cost the firms should keep increasing production to maximize profit.

You might be interested in
Builder and Owner agree that Builder will erect a fence for Owner for $1,500. Builder claims that the fence is taking longer tha
artcher [175]

Answer:

Owner owes Builder : B. $2,000.

Explanation:

A Liability is the present obligation of the entity, that arises as a result of past events, the settlement of which is expected to result in a cash outflow from the entity.

Initially, the Owners owes the Builder $,1500

For the fence to be completed on time, an addition of $500 was owed, upon the owner accepting this arrangement.

Thus, the total obligation owing to the Builder is $2,000.

3 0
3 years ago
Explain the benefits of ICT to modern business
Colt1911 [192]
“By automating business processes and giving employees ICT tools, your business can improve its individual and overall productivity. ... Access to manufacturing data enables managers to plan production more effectively, making better use of resources and reducing lead times.”
6 0
3 years ago
A producer is someone who _____________.
Ghella [55]
Provides something from something else.
8 0
3 years ago
Which situation best describes an oligopoly?
kvasek [131]
D - a large airlines work together to set high prices and eliminate
7 0
3 years ago
In the lesson you learned that a market economy is where the prices of services and goods are determined through a free system.
givi [52]

Answer:

ADVANTAGES OF MARKET ECONOMY

1, Consumer sovereignty

2. Innovation

DISDVANTAGES OF MARKET ECONOMY

1. Unhealthy rivalry

2. Market failure

Explanation:

Market economy also called free market economy or capitalist economy is a  type of economic system that encourages free ownership of productive resources. in this type of economy, the ownership of productive resources is in the hands of the individuals, and the price system allocates resources

ADVANTAGES OF MARKET ECONOMY

1, Consumer sovereignty - In a market economy, the concept of consumer sovereignty is recognized, the consumer dictates the market offerings through the price system, what the consumers want will have high demand and that would be an incentive to the producer to supply more and vice versa.

2. Innovation - The drive to get a larger share in a keenly competed market, with competition within and without, will make businesses to spend on research and take innovative steps if they want to remain in relevant in the business landscape.

DISDVANTAGES OF MARKET ECONOMY

1. Unhealthy rivalry - The cut-throat competition in the market economy will lead to unhealthy rivalry among competitors, businesses would be out to take unfair advantage over the other with its attendant consequences. This may lead to supply of substandard products.

2. Market failure - The market forces as efficient as they are, sometimes failed to allocate resources optimally. The market failure was one of the courses of the greet depression.

7 0
3 years ago
Other questions:
  • Identify the features of stocks and bonds.
    5·2 answers
  • Your total cash income is $80,000. You pay $8,000 in taxes and $60,000 in other expenses. Your savings ratio is
    11·1 answer
  • Which of the following is an example of a routine​ message? A. Lucas informs Ray that he is being transferred to another divisio
    8·1 answer
  • Which of the following is not one of the three core economic issues that must be resolved?
    14·1 answer
  • The 6-month futures price on a non-dividend-paying stock is $36.20. the risk-free rate is 2.75 percent and the market rate is 9.
    5·1 answer
  • Consider two neighboring island countries called Felicidad and Bellissima. They each have 4 million labor hours available per mo
    11·1 answer
  • The team is working through the planning processes. They are using a plan-driven approach to this system-critical change that wi
    11·1 answer
  • For an academic entrepreneur based in a university, licensing-out a technology to a commercial partner may be more appropriate t
    10·1 answer
  • Which advertising option reaches more than 96 percent of all households, both in their homes and outside of homes in places such
    6·1 answer
  • The ability to meet short-term obligations and to efficiently generate revenues is called:________.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!