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KATRIN_1 [288]
4 years ago
11

Economic efficiency in a free market occurs when

Business
1 answer:
Diano4ka-milaya [45]4 years ago
6 0

Answer: Economic efficiency in a free market occurs when C) the sum of consumer surplus and producer surplus is maximized.

Explanation: Economic efficiency happens when resources are distributed in a way that allows for the least amount of waste so that there is little inefficiency. When all items are maximized, there is little waste happening and therefor the economic has achieved economic efficiency.

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Suppose you purchase a 8-year AAA-rated Swiss bond for par that is paying an annual coupon of 8 percent and has a face value of
vekshin1

Answer:

97.37 SF

Explanation:

Swiss bond purchase price = 1,000 SF

Swiss bond current value = PV at maturity + PV of coupon payments  = (1000 / (1 + 0.10)^7) + (80 * (1 - (1 + 0.1)^-7) / 10% = 513.16 + 389.47 = 902.63 SF

Loss to investor who holds Swiss bond for a year = 1,000 - 902.53 = 97.37 SF

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3 years ago
Question 13 of 20
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Answer:

The answer is (A)

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3 years ago
The average height of members of the high school basketball team is six feet, three inches. Jerry is on the high school basketba
tigry1 [53]

Answer:

The argument is confusing an average for the individuals who make up that average.

Explanation:

The argument assumes that the height of all members of the team is above 6 ft. this is flawed because it assumes that the average height is equal to the height of the members of the team

for example, there are two members in the team

assume that the height of each member is 6 ft 3 inches. the average height is  6 ft 3 inches

Assume that the height of one member is 10.6 in and jerry's height is 2.0. the average height is  6 ft 3 inches. Here Jerry's height is less than 6ft

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3 years ago
Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Se
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Answer: $24,000

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Operating income under absorption costing:

= Sales - Cost of goods sold - Selling and admin expenses

Cost of goods sold = Variable production cost + Fixed production cost

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= $82,333

Selling and admin expenses:

= Variable + Fixed

= (6 * 1,000) + 8,000

= $14,000

Operating income = (120 * 1,000) - 82,333 - 14,000

= $23,667

= $24,000

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3 years ago
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