BUSINESS HIGH SCHOOL

When does allocative efficiency​ occur? A. Allocative efficiency occurs when a good or service is produced at the lowest possible cost.
B. Allocative efficiency occurs when an economy no longer relies on voluntary exchange.
C. Allocative efficiency occurs when an economy achieves equity.
D. Allocative efficiency occurs when production is in accordance with consumer preferences.

Answers

Answer 1
Answer:

Answer:

D. Allocative efficiency occurs when production is in accordance with consumer preferences.

Explanation:

Allocative efficiency occurs where price equals marginal cost. Price equals the amount consumers willingly pay for a product, so allocative efficiency occurs where marginal utility = marginal cost

Answer 2
Answer:

Final answer:

Allocative efficiency is achieved when goods and services are produced and distributed in accordance with what consumers demand or desire, ensuring optimal allocation of resources.

Explanation:

Allocative efficiency occurs when production is in accordance with consumer preferences. In other words, this economic principle is achieved when goods and services are distributed optimally in response to consumer demand—that is when the mix of goods produced represents what society most desires. For example, if consumers need more of good X and less of good Y, the economy should reallocate resources to produce more of good X and less of good Y to achieve allocative efficiency.

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Leo is starting a company that leases shared workspaces, and he has approached SCORE, an SBA organization that assists small-business owners in setting up their companies. The SCORE counselors would probably advise Leo, as a new business owner, toMultiple Choice1. learn from experience, the best teacher, rather than a mentor.2. avoid developing a business plan the first year of business.3. get a new perspective by asking people who have failed.4. try new things regardless of the risk.Write a business plan.

Answers

Answer:

5) Write a business plan.

Explanation:

A business plan usually includes:

  • a short description of the nature of your business (either existing or proposed),
  • projected revenues and total sales in units,
  • basic marketing strategy,
  • estimated costs (both production, and sales and administrative),
  • financial background of the existing company or the financial background of the entrepreneur,
  • short term and long term business goals.

In order to grow, develop, and/or migrate, an insurgency must meet __________.

Answers

all three prerequisites

An account that earns a higher rate of interest when you make large deposits is _____.an IDA
a basic savings account
a money market
a savings account at a credit union

Answers

An account that earns a higher rate of interest when you make large deposits is a money market account. 

A corporation may be created merely by agreement of private individuals true or false

Answers

The answer to this true and false question that is being presented is false. A corporation may be created merely by agreement of private individuals. It should be mandated by the law. A corporation can only be formed when the law permits it.

Paul invested $10,000 in a security that will double in value in ten years. Approximately what annual rate of return is this investment making? 10.0 percent 7.2 percent 6.3 percent 5.8 percent

Answers

The right answer for the question that is being asked and shown above is that: "5.8 percent." Paul invested $10,000 in a security that will double in value in ten years. Approximately the annual rate of return is this investment making is 5.8 percent

Final answer:

The annual rate of return for this investment, which doubles in value over ten years, is approximately 7.2%, calculated using the formula for Compounded Annual Growth Rate (CAGR).

Explanation:

Paul invested $10,000 in a security that will double in value in ten years. This is equivalent to saying that the investment will grow to $20,000 in this period. To find the annual rate of return, we need to apply the formula for Compounded Annual Growth Rate (CAGR), which is:

[(Final Value / Initial Value)^(1/Number of Years)] - 1

Placing the given values into this formula, we get:

[(20,000 / 10,000)^(1/10)] - 1 ≈ 0.072 or 7.2%

So, the annual rate of return for this investment is approximately 7.2%.

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Barnes and Noble lost its market share in book retailing to Amazon. It tried to regain market share by offering a similar electronic reader, the Nook, to the Amazon Kindle series. This demonstrates that Barnes and Noble lacked:________. A. a short-term strategy.
B. a company-wide strategy.
C. a sustainable competitive advantage.
D. good suppliers.

Answers

Answer:

C. a sustainable competitive advantage.

Explanation:

Based on the information provided within the question it can be said that this demonstrates that Barnes and Noble lacked a sustainable competitive advantage. This term refers to a condition that allows a company to be in a superior business position within a market. Which, since they had to lost market share to Amazon and had to offer them a product it means they lost their competitive advantage to them.
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