Economic efficiency in a free market occurs when

1 answer:

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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Gravel would most likely exist in the ________ of a river.

svet-max [94.6K]

Hello!

Gravel would most likely exist in the bed load of a river.

Gravel is a term that refers to rocks with sizes in the range of 2-64 millimeters. They can be formed from artificial means or by natural ones. River Gravel is formed by a natural process in which rocks move in the bedside of a river and the movement gradually polishes and rounds them by weathering the edges of the rock. The resulting rock from this process is commonly called Creek Rock.

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3 years ago

A firm's _________ is the symbolic embodiment of all the information connected with a product or service

Nostrana [21]

Answer: brand

Explanation: A company's brand is its identity, and it is one of the most valued parts of the business. The brand is what consumers recognize and competitors fear.

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2 years ago

If a company has the following: A company that was to be liquidated had the following liabilities: Income Taxes $ 10,000 Notes P

Cerrena [4.2K]

Answer:

46850 is the correct answer

Explanation:

Employee salaries are limited to $12.850 per employee.

Total liabilities with priority = Income Taxes +Salaries Payable+Administrative expenses for liquidation

=10.000+12.850+4.000+20.000= 46.850

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3 years ago

Hey are these cat´s creepy or what

agasfer [191]

They look scared and like they don’t wanna be there

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3 years ago

Read 2 more answers

You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and th

EastWind [94]

Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
$A= P(i(1+i)^n)/((1+i)^n-1)$

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A. monthly payment amount
$A= P(i(1+i)^n)/((1+i)^n-1)$
$= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)$
$=424.98$ to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)

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3 years ago