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dezoksy [38]
3 years ago
14

Allocative efficiency is concerned with:

Business
1 answer:
schepotkina [342]3 years ago
8 0

Answer:

The correct answer is option a.

Explanation:

Allocative efficiency means that all the available resources are used to produce that provides maximum utility for the society or which is most desired by society.

The points on the production possibility frontier show efficiency. The process of efficiently allocating resources involves determining the combination of outputs that will provide maximum satisfaction or utility to the society and is actually attainable.

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Costs incurred regardless of the number of units of a product that are produced or sold are called:
Tema [17]

<span>C. Fixed Costs. Fixed costs are incurred regardless of the number of units of a product are produced or sold on a given period. Fixed costs are expenses incurred and remain unchanged within a relevant period. These costs are fixed in relation to the quantity of production for a certain period.</span>

4 0
3 years ago
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A loss is when
Illusion [34]

The answer is B revenue is less than expenses

5 0
3 years ago
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During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p
EleoNora [17]

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

8 0
3 years ago
A example of closed economy
irina1246 [14]
Brazil is an example of a closed economy as it has the least amount of imports in the world
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3 years ago
Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion.
Mariana [72]

The statement " Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion" is true.

<h3>What consumer protection?</h3>

Consumer protection can be defined as the way of protecting consumer or buyers against trade practice that is unjust.

Hence, the statement is correct because consumer protection help to praise and as well safeguard unconscionable contracts and contracts of adhesion.

Learn more about Consumer protection here:brainly.com/question/14952903

#SPJ1

4 0
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