There is _________ efficiency in perfect competition because P = MC and production is allocated to reflect
Question:
There is _________ efficiency in perfect competition because P = MC and production is allocated to reflect consumers’
wants.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which of the following is true? a. Productive efficiency occurs in perfect competition because the firm produces at the minimum of the ATC curve. b. Allocative efficiency occurs when P = MC ;...
-
Which of the following is true? a. Productive efficiency occurs in perfect competition because the firm produces at the minimum of the ATC curve. b. Allocative efficiency occurs when P = MC;...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
Find the lengths of the curves. x = (y 3 /12) + (1/y), 1 y 2
-
What are the principal advantages and the principal limitations of each of the detectors listed in Problem 32-10? In Problem 32-10 Describe the principle on which each of the following GC detectors...
-
On an otherwise straight stretch of road near Moffat, Colorado, the road suddenly turns. This bend in the road is a segment of a circle with radius \(110 \mathrm{~m}\). Drivers are cautioned to slow...
-
Compliance standards should be stricter where the marginal benefit from pollution reduction is _________.
-
Paula Beane owns a restaurant franchise that is part of a chain of southern homestyle restaurants. One of the chains popular breakfast items is biscuits and gravy. Central Warehouse makes and freezes...
-
Question 1 [12 marks] On the 11th of April 2015, Alfred is considering purchasing two bonds, B and C, with the following characteristics. Bond B pays coupon at j2 = 2% p.a., with face value of 100...
-
Once the competitive equilibrium is reached, the buyers _________ equals the sellers _________.
-
There is a(n) _________ efficiency in perfect competition because the firm produces at the minimum of the ATC curve.
-
Lenox County provides the following information on its governmental and enterprise funds: Required In the governmental funds financial statements, which of these funds are reported separately as...
-
Determine the power series 4x representation of f(x) and 1 + x2 find the radius of convergence and interval of convergence for this power series. Radius of convergence [Select] Interval of...
-
- An employee received the following benefits: 13th month pay P120,000; Profit sharing - P30,000; De minimis benefits within their limits - P90,000; Excess de minimis benefits - P70,000; Other de...
-
Jermaine and Sam filing status is married filing jointly, they have AGI of $100,000, and the following expenses for 2022: Charitable contribution (cash) (6,400) State income tax (12,000) Property tax...
-
Paso Robles Corporation leased equipment to Chiabatta, Inc. on January 1, 2020. The lease agreement called for annual rental payments at the beginning of each year of the 4-year lease. The equipment...
-
Scenario Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal...
-
In an automated filling operation, the probability of an incorrect fill when the process is operated at a low speed is 0.001. When the process is operated at a high speed, the probability of an...
-
How does the organizational structure of an MNC influence its strategy implementation?
-
An employee entered the plan when he just turned 25, on January 1, 2024. You are given that: (i) The contribution from the employee and the employer is 14% of the annual salary in total, paid at the...
-
Do you think Porsche would benefit from foreign exchange hedging in today's uncertain times due to Covid-19 pandemic? Note: Clearly explain the potential benefits and risks. or reworded: What are the...
-
Acme Corporation, a manufacturer of industrial cleaners, keeps its books and files its federal income tax returns on the accrual basis. In 2022, the state tax authorities assessed a tax on one of...
Study smarter with the SolutionInn App