The term used to describe a situation in which markets do not allocate resources efficiently is market failure.
In terms of economics, market failure refers to a situation where there is an inefficient allocation of products and services on the open market. The individual incentives for rational behaviour do not result in rational outcomes for the collective in a market failure.
When people act in their own best interests rationally, the result is often subpar or economically inefficient. This is known as market failure.
Explicit markets, also known as usual markets, are those in which commodities and services are bought and sold outright.
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Answer:
C. replace high-interest credit cards with low-interest options.
Explanation:
A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.
Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.
To reduce the size of your car payments, many experts recommend making a down payment of at least <u>20%</u> percent.
Most experts argue that 20% is a pretty large payment but over time it will make your car payments much smaller
Answer:
The price she should charge for the bundle in order to maximize profit is 9
Explanation:
Solution
The total pistachios sold = 7 * 2 =14
The total almonds sold is = 4*1 = 4
So,
The total of both pistachios and almonds = 14 + 4 + 18
Thus,
we solve for getting average of the two which is:
Getting the average of the two in the bundle = 18/2
=9
Therefore p =9
Answer:
The ending balance of Office Supplies is $1,900
Explanation:
The ending balance of Office Supplies = the beginning balance + the purchasing amount - the supplies expense
= $4,000 + $2,500 - $4,600
=$1,900