When an allocation of resources maximizes total surplus, the result is said to be efficient.

1 answer:

7 0

It is True that when an allocation of resources maximizes total surplus, the result is said to be efficient.

This is based on the governmental policies indicators, which state that the equilibrium of supply and demand maximizes total surplus.

This is because, at the equilibrium of supply and demand, the output point is deemed efficient.

This situation is because there is no other price and quantity combination that can lead to a higher level of total surplus.

Hence, in this case, it is concluded that the statement above is True.

Learn more here: brainly.com/question/15060589

You might be interested in

WILL MAKE BRAINLIEST!!PLS HELP<br><br><br> Does the holland code use career clusters?

horsena [70]

I believe this is true.

Hope this helps!

4 0

3 years ago

Read 2 more answers

You're preparing a recipe that calls for very finely cut garlic and shallots. The recipe most likely calls for the garlic and sh

Juli2301 [7.4K]

as a fine cooker myself i would say D.chopped

4 0

4 years ago

If your instructor were to ask if you cleaned up your room before leaving the house, she would be acting outside of her?

poizon [28]

Hi I think she would be acting outside of her

8 0

2 years ago

Angelo was all set to start his new business. Although he did not have as much cash as he would have liked, he figured that once

Mrrafil [7]

Answer:

The answer is undercapitalization

Explanation:

It is evident that the business is undercapitalized. Undercapitalization is a situation when a company/firm does not have enough or the needed funds to run the business operations or pay his creditors.

Angelo is undercapitalized because her sales are not generating the needed cash flows coupled with her inadequate capital. So she needs to raise enough capital or develop new strategy to increase her sales.

4 0

3 years ago

As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a

hichkok12 [17]

As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a component of in Planning this case.

<h3>What is the planning in management?</h3>

Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.

<h3>Why is planning is important?</h3>

Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them. Planning helps us to be accountable for what we do.

Learn more about planning:

brainly.com/question/24864915

#SPJ4

5 0

2 years ago