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notsponge [240]
2 years ago
12

Which term describes the inability of a market to bring about the allocation of resources that best satisfies the wants of socie

ty?.
Business
1 answer:
guajiro [1.7K]2 years ago
5 0

It should be noted that the inefficient allocation if resources is market failure.

<h3>What is market failure? </h3>

It should be noted that market failure simply means the inefficient distribution of goods and services.

Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.

Learn more about market failure on:

brainly.com/question/368647

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The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=60,000+400x. ​(A) Find the average cost per unit if 20
Nesterboy [21]

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = C^{'}(x)

And the average marginal cost = \frac{d}{dx} \frac{C(x)}{x}

So,

= the derivative of (\frac{60,000 + 400(x)}{x})

= the derivative of (\frac{(60,000)}{x} + 400)

= \frac{-60,000}{x^{2} } + 0

So,

average marginal cost = \frac{-60,000}{x^{2} }

at x = 200 units

average marginal cost = \frac{-60,000}{200^{2} }

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

5 0
3 years ago
Your parents surprise you with a $500 check. as a result, the u.s. gdp decreases because you have to pay taxes on this income. r
Sidana [21]
I believe that the $500 cheque from your parents has already been counted when it was earned and therefore would neither increase or decrease GDP. GDP is defined basically as  a bulk measure of production that is equal to the sum of all gross values of all units involved in production.
3 0
3 years ago
Businesses located in countries that have relatively weak domestic demand rarely make the leap to multinational enterprises beca
Olin [163]

Answer:

The correct answer is : False

Explanation:

The participation in local production might repress the growth of imports in a market for goods made of different types.  The domestic demand constitutes a great proportion or potential import suppliers. The domestic industry may influence its reaction to import competition, the prevalence of multinational enterprises (MNEs) is important.

6 0
3 years ago
Why are indexing rules important when filing names alphabetically? (Obj. 1)
almond37 [142]

Answer:

Why are indexing rules important when filing names alphabetically? ... Written rules provide a guide to a filer for determining the indexing units consistently. If filing is performed consistently and fast, accurate retrieval is more likely in an alphabetic file

Explanation:

hope this helps!!

6 0
2 years ago
Risk is a necessary ‘evil’ evil’, support this assessment and give advice risk
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For a high-risk investment, managers require a high reward.

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