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3 years ago

When goods are produced at the lowest possible cost, an economy is said to have achieved:?

Business

1 answer:

kondor19780726 [428]3 years ago

4 0

When goods are produced at the lowest possible cost an economy is said to have achieved?
Answer: production efficiency

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Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal dir

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2 years ago

Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, quantity sold increased to 60 pairs.

Anna35 [415]

Answer:

0.6

Explanation:

Initial Units sold, Q1 = 40 pairs

Initial Price, P1 = $40

Final price, P2 = $20

Final units sold = 60 pairs

Now,

Using the midpoint formula,

the absolute value of the price elasticity of demand

price elasticity of demand = $\frac{\frac{Change in quantity sold}{\frac{Total quantity sold}{2}}}{\frac{Change in price}{\frac{Total price}{2}}}$

price elasticity of demand = $\frac{\frac{Q2-Q1}{\frac{Q1+Q2}{2}}}{\frac{P1-P2}{\frac{P2+P1}{2}}}$

price elasticity of demand = $\frac{\frac{60-40}{\frac{40+60}{2}}}{\frac{40-20}{\frac{40+20}{2}}}$

price elasticity of demand = $\frac{\frac{20}{50}}{\frac{20}{30}}$

price elasticity of demand = 0.6

7 0

2 years ago

6. He is not a skilled worker. He

Neporo4naja [7]

Answer:

earn . 

 

He is not a skilled worker. He doesn't earn much.

8 0

2 years ago

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How does fractional reserve banking grow the economy?

Aleks [24]

Answer:

C. By allowing the same money to be both stored as a deposit and loaned to businesses is the correct answer.

Explanation:

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2 years ago

Job costing is ________. A. used by businesses to price unique products for different jobs B. used by businesses to price ident

TEA [102]

Answer:

A. used by businesses to price unique products for different jobs

As the product are different to each other in properties and materials or are required to be performed in different location (IE: real-state maintenance or construction) We need to follow the cost on a per-job basis

Explanation:

B. used by businesses to price identical products

No when the product are identical we don't need to discriminate over which customer ask the job nor the type of product it was requested.

C. used to calculate equivalent units

NO. That is processing cost

D. used to calculate the percentage of work completed

NO that is a given, we measure the amount of work completed under pretty much any cost method.

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2 years ago

Read 2 more answers