Ask Question
BusinessBusiness
7 November, 23:42

What is meant by allocative efficiency? allocative efficiency is when every good or service?

+4
Answers (1)
  1. 8 November, 00:43
    0
    Allocative efficiency is the state of the economy in which production suits consumer needs and preferences. Every good or service produced holds value. Even the last unit is able to serve the customer and satisfy them, but the product must also maintain an equal balance between cost effectiveness and user satisfaction.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is meant by allocative efficiency? allocative efficiency is when every good or service? ...” 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
One of the largest automobile dealers in the city advertises a 3-year-old car for sale as follows: Cash price $3575, or a down payment of $375 with 45 monthly payments of $93.41. Susan DeVaux bought the car and made a down payment of $800.
Answers (1)
Which term best represents the results of many years of experimental evidence?
Answers (1)
Dexter Metals, paid its first annual dividend yesterday in the amount of $0.18 a share. The company plans to double each annual dividend payment for the next 3 years. After that time, it plans to pay $1.
Answers (1)
What reforms to the financial system might reduce its exposure to systemic risk?
Answers (1)
What is the product level that will maximize the profit for the firm?
Answers (1)
New Questions in Business
Marie-claire buys a $3.5 million house in which she puts all of her assets. six months later, she declares bankruptcy. how much can she claim for her homestead exemption?
Answers (1)
Which license is required to deal in commodity futures contracts?
Answers (1)
If you were an adult interested in finding the requirements for a job you wanted, which community resource would you most likely use?
Answers (1)
The recording of the factory labor incurred for general factory use would include a debit to a. Wages Expense b. Factory Overhead c. Wages Payable d. Cost of Goods Sold
Answers (1)
Rachel must store a few pieces of her furniture for six months. A storage unit costs $55 for the first month and $47.50 for the remaining months. How much will it cost to store her furniture? A. $330.00 B. $237.50 C. $285.00 D. $292.50
Answers (1)
Home » Business » What is meant by allocative efficiency? allocative efficiency is when every good or service?
Sign Up Forgot Password?