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Lapatulllka [165]
3 years ago
11

when a market allocation of resources maximizes the total surplus received by all members of society we say there is

Business
1 answer:
crimeas [40]3 years ago
8 0

Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

  • Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.

Learn more at:brainly.com/question/15520856?referrer=searchResults

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How does job satisfaction positively affect job performance?
by increasing continuance commitment


7 0
3 years ago
A _____ is a document that outlines specific information about your proposed business, including product, location, and marketin
Ann [662]

Answer:

Business plan.

Explanation:

A business plan is a structured document that contains company goals, strategies, product and market details, and plans for every major aspect of the company.

7 0
4 years ago
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The petty cash fund of the Brooks Agency is established at $250. At the end of the current period, the fund contained $172 and h
KatRina [158]

Answer:

a.

Date              Account Title                                  Debit                     Credit

XX-XX-XX     Petty Cash                                   $250

                     Cash                                                                               $250

b.

Date              Account Title                                  Debit                     Credit

XX-XX-XX     Entertainment expense                    $41

                      Postage                                             $25

                      Printing                                              $12

                     Petty Cash                                                                    $  78

Date              Account Title                                  Debit                     Credit

XX-XX-XX     Petty Cash                                       $78

                      Cash                                                                                $78

2. Reasons why a Petty Cash account would be credited:

a. Fund amount is being reduced.

c. Fund is being eliminated

When the fund is being reduced by expenses, it is credited as shown above.

When the fund is to be eliminated, it will be credited so as to remove all the money in it.

7 0
3 years ago
if the x-axis is quantity and the y-axis is price, which of the following is the best summarization of the supply shift from S1
Novosadov [1.4K]
The supply decreases i hope this helped next time if you want use quizlet instead of wasting your points you’re welcome :)
5 0
4 years ago
Which kind of stores offers a wide selection in a few product categories and
Arisa [49]

Answer:

B. Specialty stores.

Explanation:

Specialty stores are those retail stores that have a wide selection of products but few categories. They also focus on a target product instead of having a large collection of different products.

These days, specialty stores are flourishing due to their focused product line and the product knowledge service they provide to shoppers. The shops offer just a narrow product line but with more products of the same category, enabling the customers to have a wide range of products to select from. Added to that, the service of helping them know and learn about the products gives the shopping experience a knowledgeable one.  

Thus, the <u>correct answer is option B</u>.

4 0
4 years ago
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