Answer: B. Each firm produces up to the point where the price of the good equals the marginal cost of producing the last unit.
Explanation:
Allocative efficiency means that the point chosen on the production possibility frontier is socially preferred.
In a perfectly competitive market, allocative efficency is achieved at the point where price equals the marginal cost of production. At this price producer and consumer surplus is maximised.
Answer:
the capital structure weight of the firm's equity will be 57.14 %.
Explanation:
Weighted Average Cost of Capital is the return that is required by the providers of long term sources of finance.
A debt–equity ratio of 0.75 means:
Debt : Equity = 0.75 : 1
The Total Ratio will be = 0.75 + 1.00
= 1.75
Therefore, the capital structure weight of the firm's equity will be :
Equity Weight = Equity Ratio ÷ Total Ratio
= 1.00 ÷ 1.75
= 0.5714 or 57.14 %
A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.
<h3>What is Coercion behaviour?</h3>
- Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
- It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
- Extortion, blackmail, or even torture and sexual assault are examples of these activities.
- Coercion occurs when someone is threatened with violence if they refuse to sign a contract.
Elements of Coercive Practices Proof
- Damaging, endangering, or threatening to harm.
- Both directly and indirectly.
- Any party or that party's property.
- Unfairly sway a party's course of action.
Learn more about coercion here:
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Answer:
When labor productivity is high.
Explanation:
According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).
If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.
This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.
Answer
Option C
Decrease in cost $132,672
Explanation:
T<em>o determine the increase or decrease in costs associated with making, we will compare the relevant costs of the two options as follows</em>
<em> $</em>
Variable cost of making 10
Variable cost buying <u>14</u>
Savings in cost per from making 4
Total cost savings (decrease) 4 × 33,168 = $132,672
Decrease in cost as result of making =$132,672
