Business, 05.03.2020 07:24 crun

Economists say competitive markets are efficient because:

a. by producing in the output range where MB > MC, profits are earned and the difference between consumer surplus and producer surplus is maximized.

b. by producing in the output range where MB < MC, profits are reduced and the difference between consumer surplus and producer surplus is maximized.

c. by producing up to the point where MB > MC, profits are earned and the difference between the consumer surplus and producer surplus is maximized.

d. by producing up to the point where MB = MC, profits are maximized and the difference between the consumer surplus and producer surplus is maximized.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:10

At the beginning of the accounting period, nutrition incorporated estimated that total fixed overhead cost would be $50,600 and that sales volume would be 10,000 units. at the end of the accounting period actual fixed overhead was $56,100 and actual sales volume was 11,000 units. nutrition uses a predetermined overhead rate and a cost plus pricing model to establish its sales price. based on this information the overhead spending variance is multiple choice $5,500 favorable. $440 favorable. $5,500 unfavorable. $440 unfavorable.

Answers: 3

Answer

Business, 22.06.2019 02:20

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

Answers: 2

Answer

Business, 22.06.2019 11:30

Mai and chuck have been divorced since 2012. they have three boys, ages 6, 8, and 10. all of the boys live with mai and she receives child support from chuck. mai and chuck both work and the boys need child care before and after school. te boys attend the fun house day care center and mai paid them $2,000 and chuck paid them $3,000. mai's agi is $18,000 and chuck's is $29,000. mai will claim two of the boys as dependents. she signed form 8332 which allows chuck to claim one of the boys. who can take the child and dependent care credit?

Answers: 3

Answer

Business, 22.06.2019 18:00

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

Answers: 1

Answer

You know the right answer?

Economists say competitive markets are efficient because:

a. by producing in the output...

Questions