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2 years ago

Allocative efficiency occurs:

Business

1 answer:

jonny [76]2 years ago

5 0

Answer:

a. Anywhere inside or on the production possibilities frontier.

Explanation:

In an economy, the allocative efficiency may be defined as the economic state where the production of various goods or services is aligned with the preferences with the consumers.

The allocative efficiency always materializes at the intersection of the supply curves and the demand curves.

On the $\text{equilibrium point,}$ the price for a supply $\text{exactly matches}$ with the demand for the product $\text{for that supply}$ at that price, and thus all the products are sold.

It occurs anywhere on the production possibilities frontier or on the inside of the frontier.

Therefore, the correct option is (a).

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What are the three main parts to a slide presentations structure? A) thesis statement, supporting evidence, and concluding quote

aleksandrvk [35]

Answer:

D) introduction, body, and conclusion

Explanation:

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2 years ago

As a result of a decrease in the demand for U.S. dollars, there has been depreciation in the value of the U.S. dollar relative t

Aleks [24]

Answer:

A. Todd, American, to visit Macedonia spring brew

Explanation:

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The South Korean family will exchange fewer wons for more U.S. dollars, making their trip cheaper.

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2 years ago

Pinkie Print Supplies, Inc., sells laser printers and supplies. Assume Pinkie started the year with 100 containers of ink (ave

ArbitrLikvidat [17]

Answer:

Instructios are listed below

Explanation:

Giving the following information:

Assume Pinkie started the year with 100 containers of ink (average cost of $ 9.10 each, FIFO cost of $ 8.60 each, LIFO cost of $ 8.00 each).

During the year, the company purchased 800 containers of ink at $10.00 and sold 600 units for $21.75 each. Pinkie paid operating expenses throughout the year, a total of $ 5,000.

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Sales= 600*21.75= 13,050

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LIFO:

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COGS= (600*10)= 6000

Gross profit= 7,050

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Average-cost

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Gross profit= 7,320

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2 years ago

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melomori [17]

Sunland Company

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Gross margin / Profit $ 943,000

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Other expenses ans losses:

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Loss on disposal of plant assets ($ 18,000) ($ 90,000)

Income before income taxes $ 166,000

Income taxes expenses ($ 46,000)

Net income $ 120,000

Sunland Company

Comprehensive Income Statement

For the Year Ended December 31, 2022

Net income $ 120,000

Add: Other comprehensive income $ 8,400

Comprehensive income $ 128,400

Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability.

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1 year ago