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3 years ago

Economic efficiency is

Business

1 answer:

Gnoma [55]3 years ago

6 0

Answer: Option (A) is correct.

Explanation:

In a competitive market, when the demand curve i.e. the marginal benefit curve is exactly equal to the supply curve i.e. marginal cost curve and at this point the sum of consumer and producer surplus is maximized then an equilibrium is set in an economy and economic efficiency is obtained.

Inefficiency occurs at a point where there is a disequilibrium in an economy which means that competitive equilibrium is not achieved by the economy.

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When using the interval recording method, regardless of the number of responses, if the behavior occurs in a given segment, the

jekas [21]

The statement above is true. When using interval method, it does not matter the number of responses, if the behavior occur in a given segment then the observer has to record it as a single event. For instance, in an English class of one hour, that is divided into six segments of ten minutes each. It does not matter the number of responses, if the behaviour occurs within the segment of ten minutes, then it has to be recorded as a single event.

6 0

3 years ago

The _____ for an activity is the latest possible time an activity might begin without delaying the project finish date.

muminat

Answer:

The correct answer is A that is late start date.

Explanation:

Late start date is the filed which comprise of the latest date on which a task could be started without delaying the finish of the project.

The date is grounded on the date when the task is started and also on the late start of the task, late finish dates of the tasks predecessor and the successor as well and also on other constraints.

So, the late start date for the activity is the latest possible time.

7 0

4 years ago

A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game

Jlenok [28]

Answer:

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If the price of the ticket is reduced, the quantity demanded would increase

If on the other hand, prices are increased, the quantity demanded would reduce.

3 0

3 years ago

Indigo Corporation significantly reduced its requirements for credit sales. As a result, sales during the current year increased

zhuklara [117]

Answer:

(a) $200,100

(b) $200,100

Explanation:

The movement in the accounts receivable balance at the start and end of an accounting period is due to cash payments, additional credit sales, and any amount written off during the period.

This may be expressed mathematically as

opening balance + sales - cash collected - amount written off = closing balance

$35,100 + $361,800 - cash collected = $196,800

Cash collected = $35,100 + $361,800 - $196,800

= $200,100

8 0

4 years ago

Grain's alternative corporation has a predicted operating income of 80,000. The managerial accountant reported that total variab

dexar [7]

Answer:

Number of units needed to reach the operating income of 80,000: 5,200 units

Explanation:

Please find the below for detailed calculations and explanations:

To achieve $80,000 of operating income, denote the number of units needs to be sold is x.

For each unit sold, the incremental in profit will be 20.

Thus, to achieve the profit of 80,000, the amount of x units sold will generate the profit before fixed cost that covers 24,000 fixed cost and 80,000 targeted profit. So, we have:

80,000 + 24,000 = 20x <=> x = 5,200 units.

* For quick calculation purpose, we may apply the formular: Units need to be sold to achieve targeted income = (Fixed cost + targeted income)/ Contribution margin per unit in monetary form.

8 0

3 years ago