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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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White raven [17]

Answer:

Communication is the key to success. Plan, organize and strategically plan to help the business

Explanation:

Communication helps in

1. Increasing brand familiarity

2. Increasing product awareness

3. Product availability

4. Offers

These will help improve business.

4 0
2 years ago
According to Thorstein Veblen, a successful businessman would be most likely to demonstrate his worth to others by:_______. a. a
nata0808 [166]

Answer:

The correct answer is D

Explanation:

Worth is the word which is described as the value of the business or the net worth which is assets minus liabilities.

In accordance with the Veblen, the concept or the idea of the conspicuous consumption is developed or created. It is believing that the rich person or people are very concerned in showing off their wealth in order to prove their success in from of others.

So, Veblen would likely demonstrate their worth by purchasing the expensive jewels for his wife and then showing off the jewels at the parties.

7 0
3 years ago
Which statements are true? Check all that apply: C-corporations are subject to double taxation. LLCs are best for taking venture
Ronch [10]

Answer: All except " LLCs are best for taking venture capital" .

Explanation:

1. The corporations have to pay corporate tax and after that the stakeholders have to pay tax on their dividends. Hence they are subject to double taxation.

2. The number of partners in a general partnerships could be  greater than two.

3. In case of LLC and corporations, the entity is considered to separate from its owners. Hence the owners enjoy limited liability benefit.

4 0
3 years ago
You are checking your wheels and rims for a pre-trip inspection. which of these statements is true?
liubo4ka [24]
I cant help you, i dont know what the statements are. 

4 0
2 years ago
What features of the 100 Yen Sushi House service delivery system differentiate it from the competition, and what competitive adv
BartSMP [9]

Answer:

The summary and as per the query is defined in the following portion of the clarification.

Explanation:

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The benefits of this are the people that follow:

  • High-tech independence including the use of clear methods.
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8 0
3 years ago
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