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3 years ago

What is the term for when businesses produce goods and services that consumers do not want

Business

1 answer:

tino4ka555 [31]3 years ago

4 0

Answer:

Productive (technical) inefficiency.

Explanation:

A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet consumer demand.

This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market.

In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;

1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.

In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.

2. Productive (technical) inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.

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How does Wanda's strategy of being a high-quality provider take advantage of the shifts in consumer demand for healthy dog treat

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Answer:

In the description section underneath the overview per the particular context is illustrated.

Explanation:

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This contributes to consumption growth, moving the consumer surplus towards Wanda's goods to the right, contributing towards increased costs.
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3 years ago

Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The res

muminat

Answer:

$90; $900

Explanation:

Given that,

Amount of deposits = $100

Required reserve ratio = 10%

Required reserves:

= Amount of deposits × Required reserve ratio

= $100 × 10%

= $10

Excess reserves = Deposits - Required reserves

= $100 - $10

= $90

Money multiplier:

= 1/ Required reserve ratio

= 1/ 0.1

= 10

Money Supply:

= Amount of excess reserves used for lending × Money multiplier

= $90 × 10

= $900

The money supply could eventually grow by as much as $900.

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3 years ago

An interview in which a job candidate is asked to explain how he/she would handle a specific set of circumstances is a type of

zloy xaker [14]

Answer:

I believe this would be D

Explanation:

I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say

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3 years ago

Read 2 more answers

A collaborative selling environment makes the sales pitch more challenging for salespeople.

Fiesta28 [93]

Answer: True

Explanation:

Collaborative selling simply refers to a sales approach whereby both the buyer and seller collaborate that is, work together in order to get a convenient and suitable purchase.

It should be noted that a collaborative selling environment makes the sales pitch more challenging for salespeople. Therefore, the answer is true.

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2 years ago

When depreciation is computed for partial periods under a decreasing charge depreciation method, it is necessary to?

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3 years ago

What is the term for when businesses produce goods and services that consumers do not want​

What is the term for when businesses produce goods and services that consumers do not want