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gladu [14]
3 years ago
5

Allocative efficiency occurs:

Business
1 answer:
jonny [76]3 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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Tetra Co. uses the perpetual inventory system and a FIFO cost flow method. On January 1, the company purchased 2,400 units of in
Juli2301 [7.4K]

Answer:

The options are not correct:

Dr costs of good sold  $15,800

Cr inventory                                   $15,800

Explanation:

The 4,400 units sold consist of the 2,400 units purchased on 1 January at $4.00 per unit and the balance of 2,000 units from the purchase made on January 12 at $3.10 per unit

cost of goods sold=(2,400*$4)+(2,000*$3.10)=$15,800

The cost of goods sold is $15,800 ,neither is it $11,900 nor $11,800

The appropriate entries is to debit costs of good sold with $15,800 while merchandise inventory is credited with $15,800

3 0
3 years ago
Find the future value of a five-year $113,000 investment that pays 10.00 percent and that has the following compounding periods:
Sati [7]

Answer: Future Value FV = 169,500

Explanation:

The information given to us are;

Present value PV = 113000

Interest R = 10% = 0.01

number of years T = 5

Future value FV = ?

So using the formula

FV = PV * [1 + (R * T)],

We input our value

FV = 113000 * [ 1 + ( 0.1 * 5) ]

FV = 113000 * [ 1 + 0.5]

FV = 113000 * 1.5

FV = 169500

3 0
3 years ago
Harry, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the
GarryVolchara [31]

harry should add $20 per pound

The method of identifying the advantages and disadvantages of various options by looking at the incremental impact on total revenue and total cost caused by a very modest change in the value or input of each alternative (just one unit). Instead of making decisions based on totals or averages, marginal analysis encourages those that focus on small or gradual changes to resources. Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis. The objective is to ascertain whether the benefits from the change in activity will be great enough to outweigh the costs.

To know more about marginal analysis refer to brainly.com/question/7412432

#SPJ4

8 0
1 year ago
Which of the following is true of manufacturing?
12345 [234]
D
...................
6 0
3 years ago
If there is a great demand for a product, the production for that product will
sweet [91]

production for that product will increase.

4 0
3 years ago
Read 2 more answers
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