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Ray Of Light [21]
2 years ago
13

Allocative efficiency is achieved when:____.a. there are no shortages or surpluses in the market. b. goods and services are fair

ly distributed among consumers in an economy. c. firms produce goods and services at the lowest cost. d. firms produce the goods and services that consumers value most.
Business
1 answer:
soldi70 [24.7K]2 years ago
7 0

Answer:

The correct answer is the option A: there are no shortages or surpluses in the market.

Explanation:

To begin with, the concept known as "Allocative Efficiency" in the microeconomics theory refers to the state where all the goods and services that are offered by the suppliers are all consumed by the buyers at the market and therefore that there are no shortages or surpluses in there. Moreover, this theory represents the situation where the last unit produced by the suppliers provides a marginal benefit to the consumers that equals to the marginal cost of producing that last unit. So that is why that is achieved when the market is empty.

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Answer:

200

Explanation:

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3 years ago
When closing entries are made:
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Answer:

e) All temporary accounts are closed but permanent accounts are not closed.

Explanation:

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3 years ago
During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need
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Answer:

They are:

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2. Integrative growth:

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Backward integration reaches into value chain to get suppliers. Forward involves buying distribution channels in the value chain closest to the customer. Integrative growth identifies opportunities to acquire businesses that are in relation to current businesses.

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