Will a perfectly competitive market display productive efficiency? Why or why not?
Question:
Will a perfectly competitive market display productive efficiency? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Yes a perfectly competitive market will display productive efficiency Productive efficiency occurs when firms produce goods and services at the lowest ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, then the expansion would provide ________ to the...
-
Consider the problem a society faces if it wants to both maximize efficiency while also insuring that the overall distribution of happiness in the society satisfies some notion of equity. A: Suppose...
-
Examine changes in price and quantity caused when governments take actions to modify market outcomes. In a perfectly competitive market, the equilibrium price and quantity represent the most...
-
Evaluate Lim- X-0 b) Evaluate Lim t-1 4 3 10x3-8x4+2x3 c) Evaluate Lim 2 2 15x4+3x3-5x 2t +21 +5t+5 t+t-71-7 -4 5m +4m +18m m 6m + 4m-6 If lim [x -f(x)] = 2, use the Rules of Limits to evaluate...
-
A controller of a small fruit-packing company in California stole $212,000 from the company. When asked why, he said, Nobody at the company (especially the owners) ever talked to me. They treated me...
-
Which of the following performance measures does not require the measure to be compared to another value? A. Sharpe ratio. B. Treynor ratio. C. Jensens alpha.
-
How have minority ethnic groups been integrated into nation states?
-
The balance sheets of Petrello Company and Sanchez Company as of January 1, 2011, are presented below. On that date, after an extended period of negotiation, the two companies agreed to merge. To...
-
An organization recently had an attack that resulted in system data loss. The system administrator must now restore the system with a data backup. What functional security control was the system...
-
What price will a perfectly competitive firm end up charging in the long run? Why?
-
Will a perfectly competitive market display allocative efficiency? Why or why not?
-
What roles do operations mangers play in addressing the major aspects of service quality.
-
Answer the following questions about the forces in the nucleus. 1. What are the two forces in the nucleus? 2. Which one brings stability to the nucleus? 3. Which one brings instability to the...
-
An inductor and resistor are connected in parallel to a 160 - V , 80- Hz line. The resistor has a resistance of 5 0 ohms, and the inductor has an inductance of 0 . 2 H . What is the impedance of the...
-
A charge of 87.6 pC is uniformly distributed on the surface of a thin sheet of insulating material that has a total area of 41.2 cm. A Gaussian surface encloses a portion of the sheet of charge. If...
-
Two trains, one traveling at 64.00 km/h and the other at 128.00 km/h, are headed toward one another along a straight, level track. When they are 739 m apart, each engine other's train and applies the...
-
Two muscles at the back of your leg, called lateral and medial heads of the gastrocnemius muscle, exert forces L and M respectively, on the Achilles tendon (Figure 3-31). The forces are both 516 N...
-
According to a study done by Wakeeld Research, the proportion of Americans who can order a meal in a foreign language is 0.47. (a) Suppose a random sample of 200 Americans is asked to disclose...
-
Sheldon and Leonard had a million-dollar idea. In order to make it happen, they have to do special research first. Only Kripke can help them in this matter. But Kripke is known to be the first-class...
-
Which amounts do we post daily and which do we post monthly?
-
Your company paid rent of $1,000 for the month with check number 1245. Which journal would the company use to record this? A. Sales journal B. Purchases journal C. Cash receipts journal D. Cash...
-
Why are special journals used?
-
A factory produces smoke that causes damage of $80 to the laundry of a local resident. The smoke damage can be eliminated in one of two ways: the factory can install a chimney at cost $90 or the...
-
- The motion of a particle is defined by the relation x = 3-12 + 36t+ 30, where x and t are expressed in feet and seconds, respectively. Determine the time, the position, and the acceleration of the...
-
Conveyor belt A, which forms a 20 angle with the horizontal, moves at a constant speed of 4 ft/s and is used to load an airplane. Knowing that a worker tosses duffel bag B with an initial velocity of...
Study smarter with the SolutionInn App