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Margaret [11]
3 years ago
6

Economic efficiency in a competitive market is achieved when:_________.

Business
1 answer:
Vsevolod [243]3 years ago
3 0

Answer:

D.) producer surplus equals the total amount firms receive from consumers minus the cost of production

You might be interested in
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C
Goryan [66]

Answer:

How many minutes of grinding machine time would be required to satisfy demand for all four products = 97,620 minutes.

Explanation:

The minutes of grinding machine required to satisfy demand for all four products -

Grinding time of Product A = Grinding minutes per unit of Product A * Monthly demand in units of Product A

= 5.0 * 5,200 = 26,000

Grinding time of Product B = Grinding minutes per unit of Product B * Monthly demand in units of Product B

= 6.50 * 5,200 = 33,800

Grinding time of Product C = Grinding minutes per unit of Product C * Monthly demand in units of Product C

= 5.50 * 4,200 = 23,100

Grinding time of Product D = Grinding minutes per unit of Product D * Monthly demand in units of Product D

= 4.60 * 3,200 = 14,720

The minutes of grinding machine required to satisfy demand for all four products =

= 26,000 + 33,800 + 23,100 + 14,720

= 97,620 minutes.

6 0
3 years ago
PLEASE HELP!! APEX
victus00 [196]

Answer:

adjusted gross income tax is an individuals total gross income minus specific deductions.

taxable income is adjusted gross income minus allowance for personal exemptions and itemized deductions.

8 0
3 years ago
When calculating the Annual Percentage Rate, it is important to consider?
Anettt [7]

Answer:

APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.

Explanation:

4 0
2 years ago
Which of the following is included in the investment component of GDP? a. households’ purchases of newly constructed homes.
Anni [7]

Answer:

"D" is the correct answer.

All of these.

Explanation:

NOTE: in this question, options part is missing, The option for the following question is :

b. Additions to business stock

c. firms' buy of equipment

d. All of the above

Gross Domestic Product is the overall financial or retail value of all completed production of goods and services in a specific period within a country.

formula to calculate GDP is as follow

GDP = C + I + G + NX

where C stands for Private consumption.

           I stands for investment

          G stands for government consummation

          NX for net export (total export - total import)

GDP use to calculate countries total gross production during a particular year.

4 0
3 years ago
For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record
ivanzaharov [21]

Answer and Explanation:

The amount and the journal entry is shown below:

a. Amortization Expense - Patents $35,000 ($315,000 ÷ 9 years)  

             To Patents $35,000

(Being amortization expense is recorded)

b Amortization Expense - Patent $2,600 ($46,800 ÷ 18 years)  

            To Patents $2,600

(Being amortization expense is recorded)

c Amortization Expense - Franchises $18,000 ($72,000 ÷ 4)

                    To  Franchises $18,000

(Being amortization expense is recorded)

7 0
3 years ago
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