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3 years ago

________ occurs when production is in accordance with consumer preferences.

Business

1 answer:

Alika [10]3 years ago

7 0

Answer:

The correct answer is Allocative efficiency.

Explanation:

Although there are different evaluation standards for the concept of allocation efficiency, the basic principle states that, in any economic system, the different options in the allocation of resources will produce both "winners" and "losers" in relation to the choice being evaluated. The principles of rational choice theory, individual maximization, utilitarianism and market theory assume, in addition, that the results for both winners and losers can be identified, compared and measured.

From these basic premises, the objective of maximizing the efficiency in the allocation can be defined according to some neutral principle in which some options are considered “objectively better than others”. For example, an economist might say that a change in policy increases the efficiency of allocation, as long as those who benefit from the change (winners) earn more than the losers lose.

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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

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taneeka borrowed 12,000 for a car for 6 years at an APR of 7.25% her monthly payment will be $206.03 true or false

GalinKa [24]

Answer:

The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.

Step by Step Explanation:

We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.

Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.

We know that EMI formula is given as $C=\frac{P\cdot r\cdot (1+r)^{n}}{(1+r)^{n}-1}$

Upon substituting the given values.

$C=\frac{12000\cdot \frac{0.0725}{12}\cdot (1+\frac{0.0725}{12})^{72}}{(1+\frac{0.0725}{12})^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1+0.0060416666)^{72}}{(1+0.0060416666)^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1.0060416666)^{72}}{(1.0060416666)^{72}-1}\\C=206.076\\$

Therefore, the monthly payment is $206.08.

8 0

3 years ago

The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at

notsponge [240]

Answer:

B) $2,86

Explanation:

Using the high-low method we will use the highest activity level and the lowest activity level to determine the variable and fixed portion of the costs.

Highest activity - Cost $ 14182 Hours - 4200

Lowest activity - Cost $ (8748) Hours - (2300)

Difference - $ 5434 1900

Now we determine the variable portion. 5434/1900 = 2,86

Thus the answer is B.

6 0

3 years ago

Liability insurance is…

Kaylis [27]

Answer:

Explanation:

Liability means being responsible for something, usually by law, so liability insurance is when insurance protects you from charges from the other party's injuries and/or damage to their car in the case of an accident.

6 0

2 years ago

A manager hires an agent to obtain a license to build a warehouse in an industrial district. The agent gets caught offering a br

Rus_ich [418]

Answer: The correct answer is D:)

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3 years ago

Profit is the difference between

Arte-miy333 [17]

Answer: D) the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services

Explanation:

The profit is the difference between the income and the expenses as:

Profit = Income - expense

Income is money that one earn profit in their business and expenses are the money which we spend. And your total income is your revenue. And if the number is in positive value then, it makes profit. Therefore, (D) is the correct option.

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3 years ago