Answer:
C. freely operating economy in which all markets are perfectly competitive.
Explanation:
When we have a lot of producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is to have a freely operating economy in which all markets are perfectly competitive.
- In such a free economy, demand for goods and services are not controlled.
- The consumers behavior towards purchasing will determine if producers should allocate more resources to a production process or not.
- It is better to make such market competitive without interfering into how resources are managed and dispensed.
What is the difference between federal purchases and federal expenditures? F<span>ederal purchases require that the government receives a good or service in return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. </span>
Answer:
what average for the industry
Explanation:
can i have a choise
Answer:
benchmark testing
Explanation:
BENCHMARK TESTING can be regarded as method that is devices in the measurement of set of repeatable quantifiable results which usually taken as a point of reference in comparing products/services in a company. A benchmark must be a repeatable one, and it's application is also found in result testing in comparism of the present as well as well as future software releasees along with benchmarks. It should be noted that To measure system performance, companies use benchmark testing which uses a set of standard tests on one system to compare its performance and capacity to that of other systems.
Answer:
The difference is in how they response to the level of production of the firm.
Variable cost are directly associated with the production level, therefore changes with the number of units produced.
Fixed costs do not change with the level of production and remains fixed. Usually, fixed cost changes with the time.
Periodic Costs are the costs that cannot be capitalised and are incurred for a period of time. Such as administrative costs.
Explanation:
