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sdas [7]
4 years ago
10

Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal

to the marginal cost of​ production. True or False
Business
1 answer:
nataly862011 [7]4 years ago
7 0

Answer: true

Explanation:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

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Select the qualitative characteristics for the following statements.
bija089 [108]

Answer:

Options includes the followings: Relevance, Faithful representation, Predictive value, Confirmatory value, Comparability, Completeness, Neutrality, Timeliness.

a. Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. select a qualitative characteristic.

Qualitative characteristics: Comparability

b. Having information available to users before it loses its capacity to influence decisions.

Qualitative characteristics: Timeliness

c. Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.

Qualitative characteristics: Predictive Value

d. Information that is capable of making a difference in the decisions of users in their capacity as capital providers.

Qualitative characteristics: Relevance

e. Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Qualitative characteristics: Neutrality

5 0
3 years ago
Perform a horizontal analysis on the following information providing both the dollar amount and percentage change.
Vera_Pavlovna [14]

Answer and Explanation:

The computation of the percentage of each amount is as follows;

<u>Particulars         2020               Change               Percentage of change </u>

                                a                         b                         (b ÷ a) × 100

Cash             $170,000       $500,000            294%

Accounts Receivable $710,000 $270,000            38%

Inventory                $520,000    $190,000             37%

Long Term Assets  $2,100,000 -$200,000         -9.52%

Total Assets          $3,500,000   $760,000           21.71%

6 0
3 years ago
An economist doing an analysis on the market for original paintings finds that a 7% increase in price will lead to an increase i
pshichka [43]

Answer:

The price elasticity of supply is 1.42.

Explanation:

The price elasticity of supply is the measure of the degree of responsiveness of quantity supplied to a change in price. It is the ratio of proportionate change in quantity supplied and proportionate change in price.

An economist doing an analysis on the market for original paintings finds that a 7% increase in price will lead to an increase in the quantity supplied by 10%.

Price elasticity of supply

= \frac{\% \Delta Qs}{\% \Delta P}

= \frac{10}{7}

= 1.42

3 0
3 years ago
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally,
Ilia_Sergeevich [38]

Answer:

Joint venture

Explanation:

A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network

For Axiom International, an Australian company that  wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.

4 0
3 years ago
16p²-4pq+25q² please I need help ​
UNO [17]

Answer:

GCF: 1

(4-5)^2 thats the (a-b)^2=a^2-2ab+b^2

Explanation:

6 0
2 years ago
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