All categories

2 years ago

Deadweight losses occur when the quantity of an output produced is:

1 answer:

3 0

Deadweight losses occur when the quantity of an output produced is: ... Less than or greater than the competitive equilibrium quantity. Such that the marginal benefit of the output is just equal to the marginal cost.

You might be interested in

The Federal Application for Student Aid (FAFSA) form:

jarptica [38.1K]

Sorry im new to this

3 0

3 years ago

The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of

givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price ]

0.60 = [ Percentage change in Quantity ] ÷ 20%

Percentage change in Quantity = 0.60 × 20%

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

3 0

3 years ago

n a free-market system, the allocation of benefits and costs is determined primarily by a. Interaction between a private party a

ivann1987 [24]

Answer:

The answer to this question is A. Interaction between a private party and another private party

Explanation:

A free market economy, otherwise known as a capitalist economy is one that is controlled by private individuals with little or no government control.

A free or capitalist system may be defined as one in which all or most means of production are owned and controlled by private individuals and in which the economic activity of the government is at minimum.

In a capitalist economic system, private individuals play greater role than the government in taking decision about on what to produce, how to produce and the distribution of what is produced.

Hence, the allocation of benefits and costs is determined in a free market economy by A. Interaction between a private party and another private party

7 0

3 years ago

The term ssr/ss total is also called the select one:

GaryK [48]

Answer : coefficient of determination.

In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"

6 0

3 years ago

In the airline industry, the ______________ of offering international routes restricts movement between hub-and-spoke and point-

andreyandreev [35.5K]

In the airline industry, the exit barrier of offering international routes restricts movement between hub-and-spoke and point-to-point airlines.

<h3>What is the exit barrier?</h3>

This is the term that is used to describe all of the challenges and the impending difficulties that may prevent a company from exiting a market.

This question tells us that it is a barrier of exit and restriction of movement between hub-and-spoke and point-to-point airlines.

Read more on exit barrier here: brainly.com/question/2975624

#SPJ1

5 0

2 years ago