allocative efficiency occurs when the: group of answer choices minimum of average total cost equals average revenue. minimum of average total cost equals marginal revenue. marginal cost equals the marginal benefit to society. marginal revenue equals marginal benefit to society.
Answers
Allocative efficiency occurs when the minimum of average total cost equals marginal revenue. This is because in order to achieve allocative efficiency,
a company must produce at a level where the price of the product equals the marginal cost of producing it.
At this point, the company is producing an optimal amount of output and is not wasting resources. This can be seen by the fact that the cost of producing the product is equal to the revenue generated by selling it.
Additionally, marginal cost equals the marginal benefit to society, meaning that the cost of producing an additional unit of output is equal to the benefit that society receives from that unit.
Similarly, marginal revenue equals marginal benefit to society, meaning that the revenue generated by selling an additional unit of output is equal to the benefit that society receives from that unit.
In order to achieve allocative efficiency, companies must consider the needs and wants of society as a whole, rather than just their own profit motives.
By producing at the level where marginal cost equals marginal revenue, companies can ensure that they are producing the optimal amount of output while minimizing waste and maximizing social welfare.
This is why allocative efficiency is such an important concept in economics, and why it is essential for companies to strive for it in their operations.
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Related Questions
the five forces framework is an analytical tool used to diagnose the competitive conditions in a company’s industry.
Answers
The five forces framework is an analytical tool used to diagnose the competitive conditions in a company's industry.
The five forces framework, developed by Michael Porter, is a widely used tool for analyzing the competitive dynamics of an industry. It examines five key forces that shape the level of competition within an industry: the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the intensity of competitive rivalry. By assessing these forces, companies can gain insights into the attractiveness of their industry and develop strategies to enhance their competitive position. The framework helps identify potential risks and opportunities, allowing businesses to make informed decisions and adapt to the competitive landscape.
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xemena made a $7,000 down payment towards the purchase of a new house. her monthly payments are $1,467.23 for 360 months at 5.75% per year compounded monthly. what is the purchase price of the home?
Answers
Answer:
258437.33
Explanation:
Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answers
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan
Answers
Answer:
C and D
Explanation:
My expertise is sucking d1ck #Po4n⭐4life
u.s. gaap requires enterprise-wide disclosures related to industry and geographic locations to enhance:
Answers
U.S. Generally Accepted Accounting Principles (GAAP) requires enterprise-wide disclosures related to industry and geographic locations to enhance transparency and provide relevant information to users of financial statements. These disclosures aim to:
Improve comparability: By disclosing industry-specific information, users of financial statements can better compare the financial performance and position of companies within the same industry. It allows for benchmarking and evaluating a company's performance relative to its peers.
Facilitate risk assessment: Industry-specific disclosures provide insights into the unique risks and challenges faced by companies operating in a particular industry. It helps users assess the potential impact of industry-specific risks on the financial health and future prospects of the entity.
Support decision-making: Investors, creditors, and other stakeholders need industry-specific information to make informed decisions. Disclosures related to industry and geographic locations provide additional context and understanding of the factors influencing a company's financial performance and position.
Enhance transparency: The disclosure requirements promote transparency by providing detailed information about a company's operations in specific industries and geographic regions. It allows users to gain a comprehensive understanding of the company's revenue sources, customer base, and exposure to different markets.
Comply with regulatory requirements: U.S. GAAP mandates the disclosure of industry and geographic information to ensure compliance with accounting standards and regulatory guidelines. These requirements help maintain consistency and standardization in financial reporting practices.
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WHAT THINGS MIGHT CAUSE DISPUTES IN A PARTNERSHIP?
Answers
One of the top causes of partnership disagreements is disputes about financial rights and obligations.
Answer:
jealousy and selfishness
Imagine that you have $100 of ill-gotten gains stashed in an offshore bank account. Lest the IRS get too nosey, you plan to leave that account idle until your retirement in 45 years. a. If your bank pays you 3% annual interest, what will your account balance be upon retirement? b. If your bank pays you 6% interest, what will your account balance be upon retirement? c. Does doubling the interest rate double your accumulated balance at retirement? More than double it? Less? Explain your answer.
Answers
The IRS get too nosey, you plan to leave that account idle until your retirement in 45 years.
a. If your bank pays you 3% annual interest, your account balance at retirement will be $276.67. Over the 45-year period, your $100 initial deposit will have earned $176.67 in interest.
b. If your bank pays you 6% interest, your account balance at retirement will be $633.65. Over the 45-year period, your $100 initial deposit will have earned $533.65 in interest.
c. Doubling the interest rate more than doubles your accumulated balance at retirement. This is because the interest earned in the first year on the initial deposit will also earn interest in subsequent years, so the amount of interest earned on interest will compound over the 45-year period.
Therefore, doubling the interest rate will lead to more than double the amount of interest earned over the 45-year period, and thus more than double the balance at retirement.
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1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answers
Answer:
E
Explanation:
give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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The revenue generated by Company X is divided between Doug and Moira in a 6 to 5 ratio respectively.
Answers
The total profit is $12000. One of a business's top priorities is to turn a profit. Determine your level of success by calculating your profit.
What is total profit?In other words, your revenue minus your manufacturing or production costs equals your gross profit, whereas your net profit is your gross profit less the cost of all business operations and non-operations. Your net profit will be a much more accurate reflection of your company's earnings. One of a business's top priorities is to turn a profit. Determine your level of success by calculating your profit. This will also show you where your company is making money and where you are spending it. When referring to anything, the terms "gross" and "net" both refer to its entirety or entire amount, respectively.Let A's portion of profit be X
B's portion of profit be X+$3000
A/B=3/5
X/X+$3000=3/5
Simplifying,
5X=3X+$9000
2X=$9000
Then,
X=$4500
Total profit will be
X+X+$3000
2X+$3000
2($4500)+$3000
We get,
$12000
The complete question is,
The annual profit of a business was divided between two partners, A and B in the ratio 3:5. If B received $3,000 more than A, what was the total profit?
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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)
Answers
Based on the given information, The guidelines do correspond with General Data Protection Regulation highlighting personal information.
As the context seems incomplete the answer is written in generalise manner.
When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.
The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).
The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.
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help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answers
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
g which payroll tax form summarizes the amount of federal incomes tax, social security, and medicare withheld from employee paychecks for the year?
Answers
The payroll tax form that summarizes the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year is Form W-2.
Form W-2, also known as the Wage and Tax Statement, is issued by employers to their employees at the end of each calendar year. It provides a summary of the employee's earnings and the taxes withheld throughout the year. The form includes important information such as the employee's total wages, federal income tax withheld, Social Security tax withheld, Medicare tax withheld, and other relevant details.
Employers are responsible for completing and filing Form W-2 with the Social Security Administration (SSA) and providing a copy to each employee. Employees use the information on Form W-2 to prepare their individual income tax returns, reporting their wages and taxes withheld accurately.
In summary, Form W-2 is the payroll tax form that summarizes the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year.
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43) suppose you have taken out a $325,000 fully-amortizing fixed rate mortgage loan that has a term of 30 years and an interest rate of 5.5%. in month 10 of the mortgage, how much of the monthly mortgage payment does the interest portion consist of?
Answers
The interest portion of the monthly mortgage payment is $1474.64. Here is the attached solution.
A mortgage is a long-term loan made to assist you in purchasing a home. You are obligated to pay interest to the lender in addition to the principal.
The house and the surrounding property act as collateral. However, you need to be aware of more specifics if you want to buy a house. Business also makes use of this idea, particularly in relation to shutdown points and fixed expenses. Principal and interest payments make up your monthly mortgage payments.
You must purchase private mortgage insurance if your down payment is less than 20%, which raises your monthly payment.
Real estate or property taxes are also included in some payments.
Early on in the mortgage, the borrower pays a higher interest rate,
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.
Equal opportunity gives everyone the same chance to succeed. Joe's Toy Store is looking for a new manager. Which of the following scenarios would be permitted by this law?
All applicants must be men.
All applicants must have a master's degree.
All applicants must be younger than forty years old.
All applicants must be white.
Answers
A _____ is a prediction of future available employment in a specific career.
A.) job description
B.) career cluster
C.) career outlook
D.) job opening
(please help :D)
Answers
Answer:
I think its B
Explanation:
What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answers
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
At which stage of the product life cycle are product sales always zero?
Answers
Answer:
Explanation:
Answer:
Introduction
Explanation:
The Product Life Cycle is a term used to refer to the lifespan of a product. Beginning from the introduction of the product to the market, the product grows into maturity and ultimately leads to the death/decline of the product.
There are four stages of the Product Life Cycle:
IntroductionGrowthMaturityDeclineThe stage in which the product sales are always zero is the introduction of the product to the market. When a product is introduced to the market, the product sales are always zero. It is after consumers become familiar with the product that its sales increase.
Therefore, the introduction stage is the correct answer.
what is the most important function of food packaging?
Answers
Answer:
protection
Explanation:
to keep food safe and protected from any damage or outside influences.
Answer:
Product protection is the most important function of packaging. Protection means the establishment of a barrier between the contained product and the environment that competes with man for the product.
Which of the following are basic assumptions that justify an analysis of the costs of quality?
A. Failures are caused
B. Prevention is more expensive
C. Performance can be learned
D. Rules of thumb don't always work
E. Appraisal costs are less than prevention costs
Answers
The basic assumption that justifies an analysis of the costs of quality is that prevention is more expensive than correction. Therefore, the correct answer is option B.
This means that investing in quality control measures and processes can help to prevent defects and errors, which is more cost-effective than correcting these issues after they have occurred.
By investing in quality control, businesses can avoid the costs associated with waste, rework, and customer dissatisfaction, which can be significant. The other assumptions listed are not necessarily related to the analysis of the costs of quality.
Failures may be caused by a variety of factors, and identifying these causes is important for implementing effective quality control measures. Performance can be learned, but this is not directly related to the costs of quality.
Rules of thumb may be helpful in certain situations, but a more detailed analysis of the costs and benefits of different quality control measures is needed for effective decision-making. Finally, appraisal costs may be less than prevention costs, but the key assumption is that prevention is more expensive than correction.
In summary, the basic assumption that justifies an analysis of the costs of quality is that prevention is more expensive than correction. This means that investing in quality control measures and processes can help to prevent defects and errors, which is more cost-effective than correcting these issues after they have occurred. Thus, option B is correct.
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how are a company's organizational capabilities developed and enabled?
Answers
A company's organizational capabilities are developed and enabled through a combination of factors.
The factors are hiring and training talented individuals, fostering a culture of continuous learning and implementing effective knowledge management systems are essential.
The organizational structure should support collaboration and coordination while process improvement initiatives optimize workflows.
Embracing technology and utilizing appropriate tools can enhance capabilities and strategic partnerships provide access to external resources and expertise.
It is an ongoing process that requires constant adaptation, investment and alignment with strategic objectives to stay competitive and drive growth.
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PLEASE ANSWER THIS QUESTION ASAP
Complete the personality assessment found at the link below. Describe what you found out about yourself. Please write about each of the questions below. Your journal should be in paragraph form, not bullet points. You must include the results of your Myers-Briggs assessment, and your entry must be at least 250 words long. There are no right or wrong answers, but it is worth 20 points. Please edit your work for spelling, grammar, and punctuation to receive full points.
Does it fit you or do you disagree?
What sort of work atmosphere would you be best in, given the results of the Myers-Briggs Type indicator?
Does it fit with your ultimate work goals and if so, in what way?
What motivates you?
What do you think is the professor’s MBTI based on the design of the course and your interactions thus far? (No worries if you don't know your instructor well. This question was created to have you explore the personality types further and see how close you can get to guessing your instructor's type, from interactions you have had in this course.)
Any other observations or thoughts?
Answers
Answer:
Read each page and do the quizzes. After you have read through the pages of the website, assess what you learned. Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards. I do not agree with the link assessmne,t but I would be a stafe 3 on the MyersBriggs scale because odf above
.Explanation:
Yes it fits ultimately.
The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year Enrollments 5 Years ago 15,000 4 Years ago 16,000 3 Years ago 18,000 2 Years ago 20,000 Last Year 21,000 What is the forecast for this year using four-year simple moving average
Answers
The forecast for this year using four-year simple moving average(SMA) is mathematically given as
Forecast for period of 4y=18750
Simple moving average(SMA)Question Parameters:
5 Years ago 15,000
4 Years ago 16,000
3 Years ago 18,000
2 Years ago 20,000
Last Year 21,000
Generally the equation for the four years SMA is mathematically given as
\(SMA=\frac{four years digits}{number of years}\)
Forecast for period of 4y =\(\frac{16000 +18000 +20000 +21000 }{4}\)
Forecast for period of 4y=18750
Therefore,the forecast for this year using four-year simple moving average(SMA) is
Forecast for period of 4y=18750
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Mr.Crimpson is an economist. During the course of each day, he studied how to meet limited wants with limited resources.
True or False?
Answers
Answer:
True
Explanation:
Economic analysis is an analysis about how to fulfill infinite, overlapping needs with minimal capital. It's the method of determining how to "do the best from the least"—to have the most fulfillment with both the least amount of money and resources.
Charging high prices for a new product to earn large profits during a time when there is little competition represents a __________ strategy.
Answers
Charging high prices for a new product to earn large profits during a time when there is little competition represents a skimming strategy.
Skimming pricing strategySkimming is a pricing strategy that establishes a high initial price in the launch of a new product. The purpose is to increase the perception of the brand, create a competitive advantage, and generate sales revenue that allows for covering the initial expenses more quickly. The price decrease when the product enters the maturity and decline phase.
Price skimming exampleAn example of price skimming is Apple's iPhone, using a high pricing strategy during its initial launch. After competitors release rival products, such as the Samsung Galaxy, the price of the iPhone drops so that the product maintains a competitive advantage.
Other examples of products that use this strategy are PlayStation 5 de Sony or Nike sports shoes.
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Question 10 of 20
Which of the following is something that would promote diversity in the
workplace?
A. Recruit from the most selective universities.
B. Promote competition between workers.
C. Enforce sexual harassment policies.
D. Hire only young, college-educated workers.
Answers
Answer:
B. Enforce (won't let me text this word) harassment policies.
I took the quiz.
Explanation:
Saima is the daughter of a farmer, who lives in a village, near Tandu Allah Yar and struggles for well-being of herself and her family. She wakes up early at 6am, takes a good breakfast, attends college for which she has to walk for 1 hour, and gets back by 1pm. Afterward, she enjoys good food from his father's farm, supports her mother in the business of bookbinding, and gives tuition to students and then after taking healthy dinner, she gives time to her own studies and then sleeps early to make sure a healthy sleep. Despite so much struggle, she is so grateful to his God for whatever she has. She has been doing that regularly for the past two years and she envisions becoming an electrical engineer to support his entire village with better and cheaper electricity sources. How do you think the story relates to the principles and habits of Self-Discipline?
Answers
This story relates to the principles and habit of self discipline in multiple ways.
1. She wakes up at 6 AM and walks and hour to school and back, demonstrating that she has the self discipline to do these things to get a good education.
2. She supports her mother in bookbinding, and gives tuition to students, showing kindness and empathy, which is important to self discipline.
3. Despite hardships she has been grateful for whatever she has.
4. She envisions becoming an electrical engineer to support he entire village.
These examples and more show how this young woman displays self discipline.
I hope this helped.
what is one way in which the executive branch helps create the legal environment for human resource management?
Answers
The President of the United States, who also serves as head of state and commander-in-chief of the armed forces, is given control over the Executive Branch. The greatest good for the greatest number of people must be the end result of human resource practices.
The President picks the leaders of all government agencies, including the Cabinet, in order to carry out and enforce the laws passed by Congress. The Vice President is a member of the Executive Branch and is prepared to take over as President if necessary.The daily enforcement and implementation of federal legislation is the responsibility of the Cabinet and independent federal agencies. These divisions and organizations have objectives that are as dissimilar from one another as the Department of Defense's and the Environmental Protection Agency's, the Social Security Administration's and the Securities and Exchange Commission's, are.The greatest good for the greatest number of people must be the end result of human resource practices.
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For brevity, the minutes of a meeting should include only the main decisions that werereached. True False
Answers
True. The minutes of a meeting are an official record of the discussions and decisions made during the meeting. They should provide a concise summary of the key points that were discussed and the main decisions that were reached.
The purpose of minutes is to capture the important information that was discussed and to communicate it to attendees and non-attendees alike.
Including only the main decisions that were reached in the minutes is important for brevity and clarity. The minutes should not be a verbatim transcript of everything that was said during the meeting, but rather a condensed summary of the most important information. This makes the minutes easier to read and understand, and ensures that the most salient information is emphasized.
Additionally, including only the main decisions in the minutes can help to avoid misunderstandings or confusion later on. By focusing on the key points, the minutes provide a clear and accurate record of what was discussed and decided, which can be useful for reference in the future.
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