Are there options to choice from?
Marginal benefit (MB) corresponds with the demand curve, and the marginal cost (MC) corresponds with the supply curve. The equilibrium point is where the demand curve intersects the supply curve. At this point, MB = MC, and allocative efficiency is met.
When there is allocative efficiency, there is no deadweight loss, and total market surplus is maximized. This means that consumers are paying less than the value they place on the good or service, while producers are charging more than their minimum price.
In order for allocative efficiency to be achieved, production needs to be increased. The demand curve has a negative slope, and the supply curve has a positive slope. So at some point after production is increased, MB will equal MC.
The Given statement " In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, "Globally, Americans are viewed by the world as quiet humanitarians striving for equality and accord " is FALSE
Explanation:
Americans are regarded internationally as high-profile, self-absorbed and loud people, "said Keith Reinhard, a former head of DDB Internationally advertising company who aims to remedy this with a non-profit company called Business for Diplomatic Change.
Keith Reinhard is the emeritus Chairman of DDB Weltwide, one of the largest and most ambitious networks of advertising agencies in the world with 206 branches in 96 countries.
We're seen as arrogant, self-absorbed, and loud
Answer:
Arona Corporation
Journal Entry:
Debit Finished Goods Inventory $
Credit Work in Process - Waterproofing Department $
To transfer 70 canoes to the finished goods inventory.
Explanation:
Arona Corporation makes this entry to transfer 70 canoes to the finished goods inventory account in order to record the completion of the production process by the Waterproofing Department. The Work in Process of the Waterproofing Department is credited with the value of 70 canoes multiplied by their unit costs. Then the Finished Goods Inventory is debited to record the transfer. These entries show that the Waterproofing Department is not indebted to the organization having completed its assignment.
I question what exactly this type of very unspecific question is doing in the ‘business’ section
Answer:
Matt and Sarah can withdraw the following two types of funds: higher education and medical expenses
. While they cannot withdraw any funds for their new home that they are moving into because that will cost them the 10% penalty.
Hope that answers the question, have a great day!