Answer:
D. society’s scarce resources are used to produce products that align with consumer preferences
Explanation:
Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.
Answer:it’s D
Explanation: Just answered it
Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
Answer:
None of the options is correct.
Explanation:
In a perfectly competitive market a company will shut down in the short run if its product's price is less than the variable cost (total revenue is less than total variable costs).
Since all the companies are price takers in a perfectly competitive market, then the company cannot increase their prices, so they will temporarily shut down until the equilibrium price increases above its variable cost.
Strategic leaders manage the organization's resource portfolio effectively to exploit its core competency by organizing them into capabilities, structuring the organization to use the capabilities, and developing and implementing a strategy to leverage its human capital and social capital resources to achieve a competitive advantage.
Strategic leadership is required to help firms successfully navigate the dynamic and uncertain environment in which they need to compete today.
Human capital is the firm's repository of valuable knowledge and skills whereas social capital provides access to critical resources.
Human capital is the organization’s intellectual capital, which includes competencies, knowledge, skills and creativity.
According to the definition given in the Oxford dictionary Social capital is “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively”.
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