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nekit [7.7K]
3 years ago
9

Suppose the cost curves for a firm in a perfectly competitive market have the typical shapes. At what point does the firm achiev

e productive​ efficiency? Productive efficiency occurs at the quantity and average cost
Business
1 answer:
max2010maxim [7]3 years ago
6 0

Answer:

In a perfectly competitive market, a firm will achieve productive efficiency when the price of its products is equal to the minimum average cost.

Since firms in a perfectly competitive market are price takers, their total output will always be equal to the efficient amount. If their output is larger, they will be losing money and if they produce at a lower level they should try to reach the efficient amount to earn the highest possible profit.

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Alternative price indexes
cluponka [151]

Answer:

-value of all goods and services produced in the economy this year

-this year's prices

-value of all goods and services produced in the economy this year

-the base year's prices

-bought by consumers

-the first scenario would have effect on the GDP deflator

-the second scenario would have effect on the GDP deflator

Explanation:

The GDP deflator is used in measuring inflation in the economy by measuring changes in prices of goods in the economy. It is used together with other indices such as consumer price index in arriving at a more accurate or balanced measurement of inflation I'm the economy. The GDP deflator would be affected above because it is more comprehensive in it's calculation or measurement as it doesn't take into account only a basket of goods and services like the Consumer price index does

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Which of the following is a characteristic of the 529 plan that makes it different from the Coverdell Education Saving Account?
BARSIC [14]
A: There is no age limit for disbursement of funds
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babunello [35]
Hey how you doing lollipop you doing hope answer 20%
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2 years ago
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What environmental advantages would there be in having fewer transactions?
ra1l [238]

Answer:

Less Of an Imcome

Explanation:

4 0
3 years ago
Gwen deposits $5,000 with Home Bank on July 1, 2018. Home Bank promises to repay Gwen the $5,000 plus 1 percent annual interest
Allisa [31]

Answer:

certificate of deposit

Explanation:

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As this is a financial instrument, the bank issued a title to the investor to recognize his investment.

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