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sergiy2304 [10]
3 years ago
15

Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers’ full willingness t

o pay while the supply curve reflects all production costs. For each of the following situations, indicate whether the total output should be increased, decreased, or kept the same in order to achieve allocative and productive efficiency.
Business
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

kept the same in order to achieve allocative and productive efficiency.

Explanation:

Full production means that employed resources are providing maximum satisfaction for our material wants. Full production implies two kinds of efficiency: 1. Allocative efficiency means that resources are used for producing the combination of goods and services most wanted by society

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An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its sur
FrozenT [24]

Answer:

Should be D (sometimes harmful).

7 0
3 years ago
in setting up a client agreement, you would request a down payment to cover a. the number of people to be served. b. legal fee c
egoroff_w [7]
The correct answer should be d. the cost of groceries

Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.
3 0
3 years ago
You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit
tino4ka555 [31]

Answer:

$36,602.5

Explanation:

Your profit each year of saving $7,300 at 8.5% return each year is $620.5

In that case you earn $7,920.5 each. Multiply by 5 years which is the fifth year you made the last deposit, and you will arrive at $36,602.5

6 0
3 years ago
Read 2 more answers
Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste
GarryVolchara [31]

Answer:

Following is the solution for the given problem.

Explanation:

Best order size, EOQ =√2DS/H

EOQ = √2*4700*60/5

EOQ = 336 units.

D = 4700/300 = 15.66.

σ L= √∑σ²

= √3*(5)² = 8.66.

Reorder point, R = D*L+ z σ L

Reorder point, R = 15.66*3 + 1.282*8.66

Reorder point, R = 58 units.

4 0
3 years ago
Which statements about Section 1231 assets are true? Pick all that apply!!
dem82 [27]

Answer:

The answer is below

Explanation:

Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.

Hence, in this case, the correct answer or statement to the question are:

1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss

2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur

4 0
2 years ago
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