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Andreas93 [3]
3 years ago
5

Prices below the free market equilibrium are inefficient because the willingness to pay by someone to consume an additional unit

________ the marginal cost to someone for producing that unit. Group of answer choices exceeds equals None of the above; efficiency is defined in terms of natural resources, not market equilibrium. is less than
Business
1 answer:
riadik2000 [5.3K]3 years ago
3 0

Answer: is less than

Explanation:

The equilibrium price in a free market economy represents the point where marginal revenue and marginal costs are being maximised.

If the price falls below this level therefore, a situation arises where the marginal cost of producing this good is more than the marginal price that people can pay for this good which would lead to losses.

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He primary objective of activity-based management is
vredina [299]
The primary objective of ABM or activity-based management is a method to access a business and figure out it's strengths and weaknesses to strategically fix problems.

goodluck! :-)
4 0
3 years ago
Which of the following statements about comparative advertising is true? Comparative advertisements now constitute over 90% of a
alexira [117]

Answer:

Comparative advertisements need legal support for their claims and must not misrepresent competing products/brands

Explanation:

Comparative advertisement is also called advertising war. A competitor is named in the advertisement and reasons are given why the competitor's product is inferior to the one being advertised.

In this type of advertisement to prevent adverse legal action the company needs to carry out extensive research to provide legal backing for their claims.

Firms must also not misrepresent the competitor's product as this can lead to legal action.

3 0
3 years ago
Dermody Snow Removal's cost formula for its vehicle operating cost is $3,000 per month plus $330 per snow-day. For the month of
katovenus [111]

Answer:

390 F

Explanation:

Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.

Operating cost $3000

Maintenance per snow day - $330

Budgeted snow day - 24

Actual snow day - 26

Actual operating cost - $11,190

Variance

((330*26)+3000 =11580

Actual operating cost = 11,190

Variance = 11580-11190= 390 F

6 0
4 years ago
Read 2 more answers
Four strategies for ___________________________________are avoid, control, transfer, or retain.
Dovator [93]

Four techniques for Risk Management are avoided, control, transfer, or retain.

<h3>Risk management allows project success</h3>

Just as they assess threats and develop strategies to maximize organizational success, they can do the identical for individual projects. Employees can lower the likelihood and severity of potential project risks by identifying them early. Risk identification is the process of selecting risks that could potentially control the program, enterprise, or investment from achieving its goals.

The Risk Manager will oversee the association's comprehensive insurance and risk management program, considering and identifying hazards that could impede the reputation, safety, security, or the financial triumph of the organization.

To learn  about Risk management visit the link

brainly.com/question/4680937

#SPJ4

3 0
2 years ago
When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
Viefleur [7K]
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
4 0
4 years ago
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