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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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A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at th
Yakvenalex [24]

Answer:

I will ask the question that

C. How will it make me feel about myself?

Explanation:

The reason behind asking question is that I want to know that this new office policy will effect me. If this office policy will change my responsibilities or my rights, I'll be definitely ask this question as it is a matter of importance for me.

The other questions

  • Is it legal?  is not appropriate for asking as the office policy is beyond the legal framework.
  • Is it balanced? is not appropriate for asking as this question is not specific and clear so it is good to ask this question.
  • Is it a lose-lose situation? this question is not a good way to ask about the nice policy as it will show my pessimistic approach towards the policy.
6 0
4 years ago
Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes,
Andrej [43]

Answer:

The correct answer is $15.69.

Explanation:

According to the scenario, computation of the given data as follow:-

We can calculate the cupcake sold by the dozen by using following formula:-

Cost for a dozen cupcake = Direct material  + Direct labor + Factory OH

Where,

Direct material = 4.25 × $0.56 = $2.38

Direct labor = 1.10 × $8.30 = $9.13

Factory overhead = 1.10 × $3.80 = $4.18

By putting the value in the formula, we get

= $2.38 + $9.13 + $4.18

= $15.69

6 0
3 years ago
Mountain High Ice Cream Company transferred $74,000 of accounts receivable to the Prudential Bank. The transfer was made without
quester [9]

Answer:

Would handle this 2moro

Explanation:

7 0
3 years ago
Read 2 more answers
Which of the following statements is false? A) Price determination is the key element in any market system. B) Input prices infl
anastassius [24]

Answer:

option D) While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager's control.

Explanation:

A price system is simply defined as a part of any economic system. It uses prices usually expressed in monetary form for goods and services valuation and distribution and also the factors of production.

A Pricing Manager helps to determine pricing schemes for firms products and services. The scope of work entailss co-ordination with production departments on cost of making and working with staff in marketing especially on appropriate campaigns and promotions and also they assist with pricing bargaining of customers intent.

Price Determination is getting or deriving the cost of goods sold and services offered/ rendered in the free market. The forces of demand and supply always determine the prices of goods and services in the market system.

8 0
3 years ago
The government has imposed a fine on the Imperial Company. The fine calls for annual payments of $100,000, $250,000, and $250,00
vampirchik [111]

Answer: $615,872.50

Explanation:

The amount the National Health Center will receive is the sum of the future values, 3 years from now, of the annual payments of the fines.

Future value of $100,000 paid 1 year from today:

= 100,000 * (1 + 3.5%)²

= $107,122.50

Future value of $250,000 paid 2 years from now:

= 250,000 * (1 + 3.5%)

= $258,750

Future value of $250,000 paid 3 years from today:

= $250,000

Total is:

= 107,122.50 + 258,750 + 250,000

= $615,872.50

6 0
3 years ago
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