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2 years ago

Economic efficiency is

Business

1 answer:

Gnoma [55]2 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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3 years ago

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When firms price-discriminate, people with ________ price elasticity of demand will pay ________ prices relative to those purcha

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2 years ago

Which of the following is NOT a factor that favors effective team behavior? Close physical layout of team members Leadership tha

soldi70 [24.7K]

Answer:

Individual rewards for contributions to the team

Explanation:

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3 years ago

can produce two types of light fixtures, the indoors model and the outdoors model. if the total sales are expected to be 21,050

mars1129 [50]

Answer:

$1,000,000

Explanation:

The computation is shown below:

<u> Particulars Indoors Model Outdoors Model Total </u>

No of Units

(21,050 in ratio 2:3) 8,420 12,630 21,050

Sales 1,263,000 2,778,600 4,041,600

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Contribution margin 1,094,600 2,273,400 3,368,000

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2 years ago

What is total revenue , average revenue and marginal revenue ?Explain relationship among these

Basile [38]

Answer:

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3 years ago

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