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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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If closing costs of $1,400 are associated with the refinance of reduce the monthly payment fro m $980 to $870 refinance, it woul

Anna71 [15]

Answer:

time take = 13 months

so correct option is C.)13

Explanation:

given data

closing costs = $1,400

monthly payment reduce = $980 to $870

to find out

Time to cover cost

solution

we know here monthly payments after reduction will be

monthly payments = $980 - $870

monthly payments = $110

time taken is = $\frac{closing\ costs}{monthly\ payments}$ .........1

time taken is = $\frac{1400}{110}$

time take is = 12.727273

time take = 13 months

so correct option is C.)13

8 0

3 years ago

Which of the following actions helps a company find the game plan for long-run survival and growth that makes the most sense gi

Papessa [141]

Answer: (D) Strategic planning

Explanation:

The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.

Therefore, Option (D) is correct answer.

4 0

3 years ago

Swifty Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $41000 that will

cluponka [151]

Answer:

depreciation rate per unit $0.34

Explanation:

To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:

depreciable amount:

$41,000 - $3,600 = $ 37,400

depreciation rate:

$37,400 / 110,000 units = $0.34

8 0

3 years ago

In case you have to complete an application on site, you want to make sure you have your completed Personal Fact Sheet. Please s

Allushta [10]

That would be true so you make sure you have all the correct info to put on the application

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3 years ago

Read 2 more answers

Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintai

alexdok [17]

Answer:

1. 4,200 units

2.7,200 units

Explanation:

Prepare the Production Budget for January and February

January February

Budgeted Sales 5,000 4,000

Add Budgeted Closing Stock 3,200 6,400

Total Production Needed 8,200 10,400

Less Budgeted Opening Stock (4,000) (3,200)

Budgeted Production 4,200 7,200

Budgeted Opening Stock for January comes from 80% of closing inventory from December !

5 0

3 years ago