Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost equals marginal revenuec. marginal cost equals the marginal benefit to societyd. marginal revenue equals marginal benefit to society
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost equals ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Drake has arranged his budget so that he has $30 to spend on comic books this month, and he is planning on buying three new ones for $10 each. However, when he gets to the store, he sees that the comic books he wants cost $15 each.
Answers (1)
Maria, an engineer, has an adjusted gross income of $167,000 before considering the following losses. The passive activity rules disallow the deduction for the loss in which of the following? I.
Answers (1)
If you were in the dry cleaning business whom would you benchmark for their technological innovations
Answers (1)
Determine the amount of producer surplus generated in each of the following situations. a. Gordon lists his old Lionel electric trains on eBay. He sets a minimum acceptable price, known as his reserve price, of $75.
Answers (1)
Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $5,500 for medical insurance and contribute an additional $9,000 to a retirement program.
Answers (1)
New Questions in Business
A debt does not have to be past due before a creditor can begin legal action against a debtor. true or false.
Answers (1)
If the government wants to increase production of a good to achieve marginal social benefit, then the following policy will most likely be implemented a.
Answers (1)
Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, consumption spending will increase by A. $600 B. $ 3,000 C. $1,360 D. $ 3,750 E. $1,666.67
Answers (1)
Which of the following is generally true about savings vehicles? -A Savings vehicles are only used for long-term investments. -B People should evaluate different forms of savings vehicles based on their needs. - C Savings vehicles are never insured.
Answers (1)
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 30 units were purchased at $11 per unit. August 18 35 units were purchased at $13 per unit. August 29 32 units were sold.
Answers (1)