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Sati [7]
3 years ago
13

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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The Foundational 15 [LO10-1, LO10-2] [The following information applies to the questions displayed below.] Westerville Company r
Degger [83]

Answer:

Margin = 1%

Explanation:

To calculate the margin related to these year investment opportunity, we use the following method.

Margin = net operating income/ sales

Margin = $460,000/ $ 460,000

Margin = 1%

8 0
4 years ago
Before Sandra opened her florist shop she read all she could about the floral industry. She also consulted several published res
Rom4ik [11]

Answer: Secondary data

       

Explanation: In simple words, the data that is collected by someone and is used by someone else is called secondary data. Government reports and surveys by other such organisation are two of the many examples of secondary data.

In the given case, Sandra collected information for her future business from the published research reports. She did not collected data from a census conducted by herself.

Hence, from the above we can conclude that the correct option is B.

5 0
3 years ago
If a customer is reluctant to try a new product because she’s afraid of what her friends might think, the company is most likely
Tanya [424]
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4 0
3 years ago
You have a neighbor, Mr. Peterson, who comes to you for advice. He owns a fish and chips restaurant, "The Codfather, LLC" which
Vladimir [108]

The first advice I would give Mr. Peterson would be to formalize the transfer. So the first step in this situation would be to contact a good lawyer to see if the transfer of business to your child would be authorized. This is because the transfer of LLCs has rules that may differ from one location to another.

7 0
4 years ago
Read 2 more answers
What are the three major responsibilities of the federal reserve?
Bumek [7]
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