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Aliun [14]
3 years ago
15

​long-run equilibrium in perfectly competitive markets meets what two important conditions? productive efficiency allocative eff

iciency utility efficiency previousnext
Business
1 answer:
Inga [223]3 years ago
7 0
The two important conditions are: <span>allocative efficiency and productive efficiency.
Allocative efficiency refers to a condition when the amount of production is awlays match the appropriate marginal benefit that the consumers get.
Meanwhile, the productive efficiency refers to a condition when the market could no longer produce additional goods without sacrificing another good</span>
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A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, sh
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Answer:

$2,200

Explanation:

Calculation to determine what should this recent grad be willing to pay in rent per month

First step is to calculate the work days

Using this formula

Work days = 5 days per week x 1 hour to work+ 1 hour from work

Let plug in the formula

Work days = 5 days a week x 2 hours

Work days= 10 hours

The second step is to calculate the monthly commuting in a standard month of 4 weeks

Monthly commuting = 4 x 10 hours

Monthly commuting = 40 hours

Third step is to calculate hourly how much she will be able to maximize

Amount maximize = $25 x 40 hours (commuting hours)

Amount maximize= $1,000

Now let determine The total she will be willing to pay in rent

Rent per month= $1,200 + $1,000

Rent per month=$2,200

Therefore what should this recent grad be willing to pay in rent per month is $2,200

4 0
3 years ago
Lloyd is the chief financial officer (CFO) for a firm that uses Incentive stock options (ISOs) as part of its executive compensa
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Answer:

the gross pay of Lloyd is $6,250

Explanation:

The computation of the gross pay is shown below:

= Amount received annually ÷ number of months

= $150,000 ÷ 24

= $6,250

Hence, the gross pay of Lloyd is $6,250

we simply applied the above formula so that the correct value could come

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4 0
3 years ago
Insurance Reading Quiz
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The statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

<h3>What is disability insurance plans?</h3>

Disability insurance plans can be defined as an insurance plan that  help to cover the cost of people that are physically disabled.

When a person is disable due to work hazard the employers may tend to provide  short-term or long term disability insurance plans that will help to provide income to disable person.

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Learn more about Disability insurance plans here: brainly.com/question/16810465

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6 0
2 years ago
Roman Industries' plant operates five days per week with a daily payroll of $6,000. Employees are paid every Saturday for the wo
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Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Using this formula

Wages Expense=Daily payroll *2 days

Let plug in the formula

Wages Expense=$6,000*2 days

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Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 is $12,000

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3 years ago
How much would you have made or lost on an investment of $1 000
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depends on how much you already have...

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