Answer:
A. Face value
Explanation:
b. driving your own automobile
c. taking a bus
d. taking Amtrak
You lose your cell phone
A medical emergency
Your identity gets stolen
Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
Answer:
correct option is a. $3,650,000
Explanation:
given data
Beginning capital = $3,500,000
Gross investment = $300,000
Depreciation = $150,000
solution
we get here first Net investment that is express as
Net investment = Gross investment - Depreciation ...............1
put here value and we get
Net investment = $300,000 - $150,000
Net investment = $150,000
and
Economy stock of capital at the end of the year will be as
Economy stock of capital = Beginning capital + Net investment
Economy stock of capital = $3,500,000 + $150,000
Economy stock of capital = $3,650,000
so correct option is a. $3,650,000
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.
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
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.
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.
#SPJ6
B) High unemployment
C) Low GDP
D) Peak production