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MrRa [10]
3 years ago
14

Free markets produce efficient results. Productive efficiency occurs as goods and services are produced using the least amount o

f resources, minimizing _________________. Distributive efficiency occurs as goods and services go to those who value them the most. Allocative efficiency occurs as what is produced is what society wants.
Business
1 answer:
kherson [118]3 years ago
7 0

Answer:

Minimizing costs.

Explanation:

Productive efficiency is when a good or a service is actually being produced at the minimum possible cost. At this point, the firm ca not produce any additional units of a good without reducing the production level of another good or without improving the technology of production. So productive efficiency implies cost minimization.

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Big data analytics programs (analyzing massive data sets to make decisions) use gigantic computing power to quantify trends that
Gekata [30.6K]

Answer:

It will not decrease the humanity of production.

Explanation:

Big data analytics is useful for unraveling hidden patterns and correlations. Big data analytics is sometimes linked to be a direct descendant of Frederick Winslow Taylor’s scientific management and recently it is the most recent iteration of the quantitative approach to management.

Big data is used in management in activities that includes humans or individuals therefore it will not reduce the humanity of production in organizations.

6 0
3 years ago
Wilton Corporation had beginning retained earnings of $724,000 and ending retained earnings of $833,000. During the year, it iss
ryzh [129]

Answer:

Explanation:

The ending retained earnings =  beginning retained earnings + net income - Dividends Paid

Net income = ending retained earnings - beginning retained earnings + Dividends Paid

                   = $833,000 - $724,000 + $50,000

                   = $159000.

Therefore, the net income for the year is $159000.

7 0
3 years ago
Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C)
klemol [59]

Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C) are called marketing intermediaries.

<h3>What is the purpose of marketing intermediaries?</h3>

marketing intermediaries are those organizations that stand in the gap to

make sure the goods from the producer get to the consumers.

They usually appears as wholesaler and they Organizations that assist in moving goods and services from producers to businesses.

Learn more about marketing intermediaries at:

brainly.com/question/14457086

#SPJ1

5 0
2 years ago
The town of Harmonia gives away all 500 tickets to its annual​ Founder's Day Free ConcertminusinminustheminusPark to local resid
Novosadov [1.4K]
sold 500 tickets therefore it is not economically efficient
4 0
3 years ago
You need a 35-year, fixed-rate mortgage to buy a new home for $340,000. Your mortgage bank will lend you the money at an APR of
cluponka [151]

Answer:

$338,712

Explanation:

we must first calculate the monthly payment using the present value of an annuity formula:

present value = monthly payment x annuity factor

present value = $340,000

PV annuity factor, 0.529167%, 420 periods = 168.38268

monthly payment = $340,000 / 168.38268 = $2,019.21

Since the monthly payment was actually higher than $1,800, the balloon payment will be almost $340,000

I prepared an amortization schedule using an excel spreadsheet. During the first years, the principal is only decreasing by $1 each month

Download pdf
4 0
3 years ago
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