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Alborosie
3 years ago
13

Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs w

hen
Business
1 answer:
mart [117]3 years ago
5 0

Answer:

Explanation:

One of these occurs when costs are not paid for, as in pollution, the other is when there is an imbalance of knowledge between buyer and seller. Pollution  can be a consequence that cannot be solved with money and can also be socially irresponsible for a company. On the other hand, an imbalance of knowledge can prevent a company from profit maximization if the seller does not understand the product or services that the buyer is selling.

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Reason for a bimodel distribution
DedPeter [7]

The reason for a bimodel distribution is that a bimodal distribution may occasionally result from merging data from two processes or populations.

<h3>What is a bimodel distribution?</h3>
  • Two modes comprise a bimodal distribution. In other words, the results of two distinct processes are integrated into a single collection of data.
  • The distribution sometimes goes by the name "double-peaked." Consider the distribution of production data over two shifts in a manufacturing facility.
  • Bimodal distributions frequently happen as a result of underlying events.
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  • The bimodal distribution is brought on by the underlying human behavior.
  • If a data set has two modes, it is bimodal. This indicates that no particular data value has the highest frequency of occurrence. Instead, the highest frequency is tied between two data values.

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3 0
8 months ago
If marginal cost becomes higher than price, what happens to a company
juin [17]
Increase price value profit becomes higher than price, what happens to a company
5 0
3 years ago
Payments from customers received before performing services for the customers are recorded as
Pachacha [2.7K]

Answer:

B) liabilities.

Explanation:

When the payment is received from the customer before performing the services is known as unearned service revenue

The journal entry is

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We simply debited the cash account as cash is received and credited the respective account i.e unearned service revenue

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Why is it so important for all entrepreneurs to be prepared for changing technology
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Because today's business are wholly dependent on technology for their survival. 

This is especially in production, customer service, and marketing.
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One advantage of increasing your own responsibilities is that you
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The answer is: A - have more control.
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