because perfectly competitive firms produce the level of output where the marginal social benefit of their output is in balance with the of their output they are allocatively efficient.

Answers

Answer 1

Perfectly competitive firms have Allocative efficiency because they produce the level of output where the marginal social benefit of their output is in balance with the of their production.

What is Allocative efficiency ?

Allocative efficiency implies that the point picked upon this production possibility frontier is socially preferred—at least in a specific and limited sense. Price in a completely competitive market equals marginal cost of production.

Consider the price paid for an item as a measure of the social benefit obtained for that commodity; after all, a buyer's willingness to pay indicates what the good is worth. Then consider the marginal cost of creating the item as indicating not only the firm's expense but also, more generally, the societal cost of generating that commodity.

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Related Questions

expiration strike call put 27-september-2019 130 8.65 1.03 27-september-2019 135 4.82 2.17 27-september-2019 140 1.99 4.35 15-november-2019 130 11.50 3.55 15-november-2019 135 8.12 5.15 15-november-2019 140 5.32 7.40

Answers

The given information appears to be related to options trading. The terms "strike call" and "expiration" suggest that these are options contracts that give the holder the right to buy (call) or sell (put) a specific asset at a predetermined price (strike) on or before a certain date (expiration).

The provided data consists of multiple strike prices, option prices, and expiration dates.

It seems to be in the format: "expiration date strike call put".

To provide the final answers, we need to extract the relevant information and calculate the values accordingly. However, the given question does not specify what exactly needs to be calculated or analyzed.

Therefore, I am unable to provide the final answers without further clarification or specific instructions on what you would like to know.

Please provide more details or specific requirements for me to assist you further.

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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?

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The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

What is housing industry?

An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.

Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,

Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc

In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

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at the end of november, master lock had one job still in process. for this job in process, the direct materials were $480 and the direct labor was $125. in addition, the manufacturing overhead applied was $600. for december, the job was completed with an additional $100 of labor. at this point, how much should the company have transferred to finished goods inventory in december?

Answers

The company should have transferred $1,305 to the finished goods inventory in December.

To calculate the amount to be transferred, we need to consider the direct materials, direct labor, and manufacturing overhead applied for the job in process.

The direct materials for the job in process were $480, the direct labor was $125, and the manufacturing overhead applied was $600. This totals to:

Direct materials + Direct labor + Manufacturing overhead applied = $480 + $125 + $600 = $1,205

In December, an additional $100 of labor was incurred to complete the job. Therefore, the total cost for the job would be:

Total cost = Cost incurred previously + Additional cost in December

Total cost = $1,205 + $100 = $1,305

Thus, the company should have transferred $1,305 to the finished goods inventory in December.

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what do you need help with

Which of the following list correctly iidentifies a few of the basic events all market economies share

Answers

Private property, freedom, self-interest, competition, minimum government intervention are the characteristics of a market economy.

Individual ownership of private property, The right to make a profit from private property and the law of supply and demand identifies a few of the basic events all market economies share.

Several fundamental principles are shared by market economies. First off, having private property as an individual gives one the freedom to possess and manage assets. Responsible resource management and investment are encouraged by this ownership. Second, one of the primary forces behind economic activity is the right to profit from private property. It promotes risk taking, innovation and entrepreneurship, which helps the economy grow.

The law of supply and demand is a foundational principle. According to this, the equilibrium between supply the amount that is readily available and demand (consumer preferences) determines the prices of goods and services. Collectively, these ideas create the framework for market economies encouraging competition, creativity and effective resource allocation.

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Which of the following list correctly identifies a few of the basic events all market economies share

Individual ownership of private property; the right to make a profit from private property; the law of supply and demand

What happens when production is inside the production possibilities curve

Answers

Answer:

When it shifts inwards, it indicates that the economy is shrinking due to a failure in its allocation of resources and optimal production capability. A shrinking economy could be a result of a decrease in supplies or a deficiency in technology.

Explanation:

Answer:

The production is not maximized, so some resources are unused.

Explanation:

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Refer to the graph. Which area indicates a surplus?

(A)
(B)
(C)
(D)

Refer to the graph. Which area indicates a surplus?(A)(B)(C)(D)

Answers

Answer:

D

Explanation:

The letters A, B, C, D, E, F, G are called what?

Answers

They are the Alphabets

Closed end investment companies1. have a fixed capital structure2. issue new stock whenever an individual buys shares3. may sell for a premium over net asset value4. must sell for their net asset value

Answers

A closed end investment company's capital structure is set. Option 1 is Correct.

The phrase "closed-end" refers to funds that have a set capital structure and number of outstanding shares. Their shares are traded on an exchange between investors after an initial public offering. A closed-end fund is a form of mutual fund that, in order to obtain money for its initial investments, issues a predetermined number of shares through a single initial public offering (IPO).

After then, its shares can be purchased and sold on a stock market, but no new shares or funds will be generated for the fund. A closed-end fund makes investments in stocks, bonds, money market instruments, and/or other assets using the funds obtained at its initial public offering. Option 1 is Correct.

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what is intertropical means?​

Answers

Answer:

Explanation:

situated between or within the tropics. or relating to regions within the tropics : tropical.

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If gas prices increase, what would happen to incomes for households and businesses?

Answers

Answer:

If gas prices continue to increase household incomes people are getting now may not be enough for the family, causing people to ask for extra hours which when giving extra hours once a person is on overtime they legally have to make at least pay and a half per hour, so if someone is making $15 an hour, once they are on overtime they make $22.50 causing businesses to put out more money. Businesses may also not be able to afford the overtime causing the worker to continue struggling with pay and either look for a higher-paying job or get a second job.

It costs $2,500 to send an employee to a three-day seminar. The information obtained at this seminar should allow the employee to increase their sales success rate by 1%. The employee has a success rate of 3% of converting a call into a sale. The employee makes five calls per day Mon through Fri for 50 weeks per year. If each sale is $2,000, what would be the increase in sales dollars be by attending this seminar?

Answers

Answer:

$25,000

Explanation:

success rate without attending the seminar = 3% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $75,000

success rate after attending the seminar = 4% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $100,000

the increase in sales dollars due to the increase in productivity (after attending seminar) = $100,000 - $75,000 = $25,000

Which of the following will be accomplished by efficient allocations of the factors of production?a. Ensuring economic profitabilityb. Fulfilling many needs and wants of societyc. Understanding whether a product will faild. Replenishment of limited resources

Answers

By effectively allocating the factors of production, the following will be accomplished: Satisfying a variety of societal demands and wants.

Which of the following would the effective allocation of the production components achieve?

When the factors of production are allocated effectively, many of society's needs and wants will be met.

Which of the following is relevant to economic resource allocation and productivity?

In order to serve each person or entity in the best possible manner while minimizing waste and inefficiency, economic efficiency implies an economic state.

Which of the following is the study of the effective distribution of finite resources to meet the limitless demands and desires of people?

Economics is the study of how and why people and society choose to distribute limited resources, as well as the effects of those decisions. It's sometimes said that the fundamental issue in economics is scarcity.

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What does it mean to “authenticate” your payment? How do these payment systems authenticate?

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Answer:

Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.

Homedwrer's Drductible And Lew Auto Deductibie Is O. 07, (Po Of Ail Such Irdivisuals). Mial Deạuctimle Torseemer's

Answers

The mail deductible for the homeowner is $0.07 (7% of all such individuals).

How is the homeowner's mail deductible calculated?

The homeowner's mail deductible is calculated as 7% of the total value of all such individuals.

This means that if the homeowner is part of a group of individuals eligible for mail deductions, their deductible amount will be 7% of the total value.

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Step 3: Creating a Balanced Family Budget
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living
in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered
into it. If you are unable to insert a screenshot, then list the information below. (10 points)
b) State the minimum monthly income and hourly wage per worker needed to cover monthly
expenses for the family you used in part a. Then, explain how to calculate the hourly wage
Show we’re u found your information

Answers

The family budget calculator use is attached accordingly. See relevant definition below.

What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?

The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.

This translates to:


50 x 8 x 20

= $8,000

What exactly is a family budget?

A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.

What is the definition of a Family Budget Calculator?

The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.

The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.

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Step 3: Creating a Balanced Family Budgeta) Search for a "family budget estimator" and calculate the

The Federal Insurance Contributions Act provides retirement, disability, survivorship, and medical benefits to qualified workers. Laws require employers to withhold _____ taxes from employees' pay to cover costs of the system.

Answers

The Federal Insurance Contributions Act provides retirement, disability, survivorship, and medical benefits to qualified workers. Laws require employers to withhold FICA  taxes from employees' pay to cover costs of the system.

What is FICA tax?

On earnings, the FICA tax includes a 6.2 percent Social Security tax and a 1.45 percent Medicare tax. Only the first $142,800 in earnings are subject to Social Security tax in 2021.

Earnings exceeding $200,000 for single filers/$250,000 for joint filers may be subject to a 0.9 percent Medicare tax.

Thus, it is FICA tax.

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in times of rising prices, cost of goods sold determined using the lifo inventory assumption typically will be than cost of goods sold determined using the fifo inventory assumption.

Answers

When prices are rising, the Cost of Goods Sold according to LIFO will be higher than cost of goods sold under FIFO.

Last-In, First-Out (LIFO) refers to a company selling off the latest inventory that it receives first before the inventory it received earlier.

When prices are rising, LIFO will result in a higher COGS because:

Purchases will be high Closing stock will be low on account of only the earlier cheaper inventory being left

In conclusion, LIFO results in cost of goods sold being higher because the closing stock which is deducted from COGS will be lower.

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Which terms describe costs that are incurred regardless of a firm’s rate of production?

Answers

Fixed cost and overhead describes costs that are incurred regardless of a firm’s rate of production

What are the costs?

Generally, Fixed costs are expenses that are incurred regardless of a firm's rate of production. They are costs that do not vary with changes in the volume of goods or services produced. Examples of fixed costs include rent, salaries, and insurance premiums.

Variable costs, on the other hand, are expenses that vary with the firm's rate of production. These costs are directly tied to the volume of goods or services produced and will increase or decrease as the production rate changes. Examples of variable costs include raw materials and direct labor.

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PLEASE HELP!!!
QUESTION BELOW!

PLEASE HELP!!!QUESTION BELOW!

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1. Players in Game B would rate their game as more fair than Game A, because the starting wealth and salaries are more evenly distributed between social classes.

What is wealth?

Wealth is a term used to describe an abundance of resources, material possessions, and money. It is a measure of financial success and affluence, with the goal of attaining a high standard of living. Wealth can be accumulated in various ways, including through investments, business ventures, inheritance, or even luck.

The upper class in Game A is given a large advantage in terms of wealth, whereas the upper class in Game B is given a much smaller advantage.
2. The upper class players in Game B would rate the game as most fair, as they are given the greatest opportunity for success due to the more even distribution of wealth and salaries.
3. The upper class players in Game A are likely to cheat the most, as they are given a large advantage in terms of starting wealth and salaries. This makes it easier for them to earn more money and get ahead of the other players.
4. Game B gives players the most opportunity for success, as the starting wealth and salaries are more evenly distributed between social classes. The upper class in Game A is given a large advantage in terms of wealth, making it more difficult for other players to compete.

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Ell us about a time when your attention to detail was critical in preventing a major issue/error

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Tell us about an error instance when your focus on detail was essential in avoiding a significant way is troubleshooting error.

The capacity to concentrate on a particular job while carefully considering and attending to all of its important features might be characterized as attention to detail. An illustration of paying attention to detail is finding and fixing any typos or grammatical problems in an email before sending it.

When describing anything that is more substantial, serious, or crucial than other elements within a group or circumstance, you use the word major. If the situation is casual, use the word "issue." You may use the word "issue" while discussing a political matter or a topic for a discussion. if the circumstance is official.

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Correct Question:

Tell us about a time when your attention to detail was critical in preventing a major issue/error.

Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-

Answers

a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.

b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.

c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.

d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.

e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.

f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.

g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.

\( \: \)

Final answer:

Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.

Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.

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Bgn sells furniture such as beds and tables. It started as a partnership but is now a private limited company. BG has expanded quickly and has 10 shops located in different cities.Each shop manager is responsible for recruitment and decisions about inventory levels. They send the board a monthly report. The managing director has a laissez fair leadership style.There has been an increase in customer complaints and employees think internal communications need to be improved.Identify and explain one advantage and one disadvantage of the managing director's leadership style?

Answers

Answer:

See below

Explanation:

The Laissez-faire leadership style allows group members or employees to make important decisions. Managers operate hands-off, meaning they allow employees to run the business. The Laissez-faire leadership style is delegates responsibilities to employees.

Advantages

1. It promotes employees' personal growth.

When leaders are hands-off, employees get the chance to be hands-on. The Laissez-faire leadership style creates an environment that facilitates employee growth and development.

2. It encourages innovation. Employees have the freedom to try out different ways of achieving objectives. This promotes creativity and innovation in the workplace.

Disadvantages

1.Subject to abuse by employees

Because there is little supervision by managers, some workers may take advantage of their benefit. They might engage in fraud-related activities to steal money from the business.  Absenteeism without genuine reason is likely to be high.

2. Reduces cohesion in teams

Due to a lack of clear leadership, each group member act as per their judgment. Teamwork is destroyed, which results in low productivity.

A bike cost $125 and has a 6% tax. What will your final cost be?

Answers

Answer: 132.5

Explanation: 6 Percent can be written as 0.06 as 0.06 is 6% of 1.00. If we take 0.06 and multiply it by 125 you get 7.5. This is the amount owed for tax, now add the tax amount by the bike cost and you get the final amount due, $132.5

please help me answer these questions​

please help me answer these questions

Answers

Answer: See explanation

Explanation:

1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.

2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.

3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances

For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.

Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.

A. setting up equipment
B. fixing problems with machinery
C. estimating a project’s cost
D. designing equipment
E. teaching people to use equipment
F. writing instructions for assembling equipment
G. purchasing manufacturing equipment

Answers

Answer:

Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.

setting up equipment

fixing problems with machinery

estimating a project’s cost

teaching people to use equipment

Explanation:

Tasks commonly are performed in Maintenance, Installation, and Repair jobs Setting up equipment fixing problems with machinery estimating a project’s cost teaching people to use equipment

What is the equipment?

Equipment is a real long-term asset that provides value to a company over many years of operation. Equipment examples include cars, trucks, and manufacturing machines. They differ from intangible assets (such patents, trademarks, or copyrights), which lack a physical form, in that they are tangible because they do.

Materials and Equipment refer to all types of products, including machinery, vehicles, consumables, parts, and components, as well as any spares or replacements; Samples 1, 2, and 3.

To produce high-quality, economical products, equipment must be carefully developed. Since it is eventually used as the means to implement all of the other enabling technologies, equipment design is necessarily the widest category of the six enabling technologies.

Therefore, option (A, B) is correct.

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how do you the accounting equation​

Answers

Answer:

1. Assets = Liabilities + Owner Equity.

2. Liabilities = Assets - Owner Equity.

3. Owner Equity = Assets - Liabilities.

Explain the role audit committee plays in the company​

Answers

Answer:

The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.

Hope this helps.☝

_____ is a career typically requiring a certificate from a vocational school program. Lawyer Actor Sales clerk Automotive mechanic

Answers

Answer:

The answer is Automotive Mechanic

Explanation:

To start with, a vocational school program also known as vocational training or Career and Technical Education (CTE) and Vocational Education and Training (VET), is any program that provides job-specific technical training for a particular career.

Students enrolled for such programs are given hands-on instructions that can lead to the award of certification. Automotive Mechanic is the best option and right answer for this question because the career requires hands-on experience which can be taught by vocational school programs. Other careers that require vocational school programs are plumbing, wiring,  shoe making among others.

What does qualitative research and quantitative research means?

Answers

Answer:

Quantitative research is expressed in numbers and graphs. It is used to test or confirm theories and assumptions. This type of research can be used to establish generalizable facts about a topic.

Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions.

Qualitative research

Qualitative research is expressed in words. It is used to understand concepts, thoughts or experiences. This type of research enables you to gather in-depth insights on topics that are not well understood.

Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories.

Answer:

Qualitative research involves collecting and analyzing non-numerical data (e.g., text, video, or audio) to understand concepts, opinions, or experiences. It can be used to gather in-depth insights into a problem or generate new ideas for research.

Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data.

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in 2019 there were approximately 163 million people in the labor force and the unemployment rate was 3.7 percent. if the unemployment rate in 2019 had been 4.7 percent instead of 3.7 percent y=lx-3|+|x+2|-|x+5| if x 1. Find the Perimeter AND the Area of the following objects with the given coordinatepairs:(7,-5) (-5, 4) (-8, 0) (4, -9) What is the solution to the equation 2 ( 5 + 2 x ) = 4 + 6 x ? x = 3 2 x = 3 2 x = 7 6 x = 7 6 x = 2 x = 2 x = 7 x = 7 For all of these reasons, Hollywood needs to stop showing us perfectcharacters and start giving viewers a more realistic and relatablepicture of what life is actually like. This will help Americans feel betterabout their own looks, jobs, and families. It will also allow movies andtelevision shows to help people learn to make good decisions andchange their lives for the better. Plus, flawed, realistic characters makefor great stories, so if Hollywood makes this change, we can lookforward to even better entertainment in the future.Where in an argumentative essay would this excerpt most likely belong?A. At the beginning of the first paragraph, because it is a hookB. At the end of the first paragraph, because it is a claimC. In the middle of the essay, because it is a body paragraphD. At the end of the essay, because it is a conclusion 20 POINT QUESTION!!COMPOSE A 4- 5 SENTENCE explain how the hundred years war to the end of medieval Europe and set the stage for monarchical nation-states. A. $24.28B. $30.35C. $20.23 D. $16.19 a child hears from parents and teachers that she is very smart. what would happen based on the mechanism of the self? 50. 6 mL of a gas is collected over water at 18. 0 C and 755. 5 mmHg pressure. What is the volume of dry gas at STP? Solve the proportion x/8= 3/12. Please help. The Krebs cycle forms many products. Which option lists the correct products of the Krebs cycle after 1 molecule of glucose goes through it? (1 point)6 NADH, 2 ATP, 4 CO2, and 2 FADHnet 2 NAD+, 2 ATP, 4 CO, 2 FADHO net 4 NADH, 4 ATP, 8 CO, 4 FADHO net 1 NADH, 1 ATP, 2 CO. 1 FADH Which philosopher contemplated many issues in regard to human behavior that were externally influenced, such as human memory, motivation, perception, sleep, and dreams? What is your family doing to have a family relationship among members? In 3 to 4 pages and including relevant research data:Explain the differences, importance, and purpose ofboth the code of conduct and the code of ethics. Secondly, tell meabout some of the factors t 6. How many times larger is the first number in the pair than the second? a. 34 is times larger than 3. times larger than 5. times larger than 78. times larger than 17. times larger than 5*. b. 5 is_____ c. 710 is d. 176 is e. 5 1 is which of the following statements regarding dependents is true? multiple choice to qualify as a dependent of another, an individual may not file a joint return with the individual's spouse under any circumstance. to qualify as a dependent of another, an individual must be either a qualifying child or a qualifying relative of the other person. to qualify as a dependent of another, an individual must be a resident of the united states. to qualify as a dependent of another, an individual must have a family relationship with the other person. This week our discussion will focus on what you all consider to be the most critical concepts discussed in chapters 4, 5 and 6 in Language in Thought & Action. In other words, which concepts do you think are most important? Explain why and how the concepts will impact the way you communicate moving forward and how it already shapes the way you communicate now.You should highlight one concept from each chapter. Please provide specific examples supporting why you think the three concepts you selected are so critical to communicating well. The time required to paint a particular house varies inversely with the number of painters. If it takes 6 hours for 13 painters to complete the paint job, how long would it take if there are 10 painters? I need help someone help me please I guess What are the x-intercepts of the graph of the following function y = 6x to the second power minus 12x - 18