<span>Allocative efficiency is the state of the economy in which production suits consumer needs and preferences. Every good or service produced holds value. Even the last unit is able to serve the customer and satisfy them, but the product must also maintain an equal balance between cost effectiveness and user satisfaction.</span>
Answer: $7.20 per minute
Explanation:
Find out the profitability of each product as Contribution Margin per minute.
Magnifico
Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint
= (335.18 - 259.26) / 7.5
= $10.12 per minute
Bellissimo
= (228.46 - 173.08) / 4.3
= $12.88 per minute
Lovely
= (199.21 - 159.61) / 5.5
= $7.20 per minute
Their least profitable product is $7.20 per minute.
The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.
<em>Options are most probably for another variant of the question. </em>
Answer:
Maybe a loss in jobs?
Explanation: Because people who work for the oil company have to stop working idk
Classical conditioning. When Claude came into contact with a particular scenario (Texas accent) he experienced a negative outcome (being robbed) so now he associates the negative outcome with the scenario where he encountered it.
Answer
True
Explain
a person who purchases goods and services for personal use is a consumer
