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dusya [7]
3 years ago
15

Deadweight loss occurs when

Business
1 answer:
dusya [7]3 years ago
3 0

Answer:

d) the maximum level of total welfare is not achieved.

Explanation:

When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.

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strojnjashka [21]
<span>the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S.</span>
8 0
3 years ago
Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e. one pilo
qaws [65]

Answer:

C. optimal capital labor ratio remains the same

Explanation:

One pilot for each plane implies A = B

Let cost be C

So, isocost line is xA + rB = C

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So, (x'+y)A = C

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Thus the answer is

C. optimal capital labor ratio remains the same

5 0
3 years ago
Experienced trainers prepare a complete set of notes that they read to trainees to make sure that no important material is omitt
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<span>FALSE. The trainer should write notes as Bullet points to ensure nothing is skipped and he/she stays on task. Star the most important bullet points to be sure each trainee understands what is being taught. Notes could also include hand out sheets to give to trainees.</span>
4 0
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The market mechanism benefits society by ensuring that ________.
Ray Of Light [21]
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8 0
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ololo11 [35]

Answer:

B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.

Explanation:

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