The best thing that you should do in this scenario would be :
- Gather as much as information as you can regarding the issue (maybe by asking input from your associates)
- analyze the issue completely thoroughly
- Believe in yourself and create the best decision based on your analytic
hope this helps
The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.
<h3>What are financial
intermediaries?</h3>
Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.
In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.
Read more about financial intermediaries
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$500,000
Break even =(fixed costs - contribution margin)
Contribution margin is Price of item- variable costs ($1- 30 cents/per item=.7)
$350,000/.7 = $500,000
Answer:
a. Anywhere inside or on the production possibilities frontier.
Explanation:
In an economy, the allocative efficiency may be defined as the economic state where the production of various goods or services is aligned with the preferences with the consumers.
The allocative efficiency always materializes at the intersection of the supply curves and the demand curves.
On the
the price for a supply
with the demand for the product
at that price, and thus all the products are sold.
It occurs anywhere on the production possibilities frontier or on the inside of the frontier.
Therefore, the correct option is (a).