Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.
In economics, the efficiency or productivity of a business is classified into two types:
Productive efficiency.Allocative efficiency.These two types of efficiency focus on different aspects of production and selling goods and services.
Productive efficiency: This type implies producing goods at the lowest cost possible. This means:
Avoiding unnecessary costs.Controlling costs when the number of units increases.Allocative efficiency: This type implies selling or allocating the products in society. This means:
Considering the maximum amount the customer can pay for a product (marginal benefit).Making the cost of production equal to the marginal benefit.Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.
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QUESTION 5 of 10: The first step in the marketing process is to:
Answer:
Understand the market place, which includes customer needs and wants.
On October 25, Yacht Doc received $210,000 for a yacht valued at $190,000 and a service contract to be performed evenly from November through February. During November, the yacht was delivered and 1 month of the service contract was performed. The remaining services are to be performed evenly over the next 3 months. In what month should the service contract be recognized as revenue
Answer:
5,000 in each month from November to February
Explanation:
210k - 190k = 20k
5k at delivery and the remaining performed over three months. Therefore $5000 per month
5k at delivery, with the remainder completed over three months. From November to February, 5,000 deliveries were made per month at a cost of 210k - 190k = 20k. As a result, $5,000 is earned each month.
What is accounting?Accounting is the process of recording, compiling, and reporting financial transactions to regulatory bodies, auditors, and the IRS.Accounting principles are the rules and regulations that businesses and other organizations must follow when reporting financial data. These guidelines standardize the language and procedures that accountants must use, making financial data analysis easier.The International Financial Reporting Standards are the most widely used set of accounting principles, having been adopted in 166 jurisdictions. The Generally Accepted Accounting Principles (GAAP) are a set of accounting standards that are only used in the United States (GAAP).To learn more about accounting, refer to:
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What is a benefit for working in the modern manufacturing industry?
a
Competitive salaries
b
No skills needed for entry-level positions
c
Simple technology that is easy to use
d
Repetitive responsibilities
Answer:
a. competitive salaries
Competitive salaries are a benefit for working in the modern manufacturing industry. Hence, option A is correct.
What is modern manufacturing industry?Modern manufacturing industries can be defined as the making of finished goods from raw materials.Workers in the modern work together to solve problems by producing high-quality goods.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services.
Boost the effectiveness of your company's systems. Streamline the interactions you have with suppliers and clients. boost the production process's speed, adaptability, and effectiveness. broaden the range of possible outputs.
Thus, option A is correct.
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how has technology led to a lost in job
Explanation:
The development of technology has lead in loss of jobs for many ppl
In different factories they have been some development this decent years and the work that used to be done by many workers is now done only by a machine or a dozen.
a debit balance in the allowance for uncollectible accounts before year-end adjustment indicates that the company wrote off more bad debts in the current year than it had estimated. true or false?
Answer:
Explanation:
The Allowance for Doubtful Accounts has a debit balance of $1,000 at the end of the year (before adjustment), and uncollectible accounts estimate based on.
A firm has an average total cost of $50. If it sells 20 units of its product at $100 each, what is its profit?
Answer:
$1,950
Explanation:
If I understood what you're asking, I did 100 times 20 and then subtracted 50 from that
100x20 = 2000
2000-50 = 1950
Which foodborne illness is accociated with shell fish
Answer:
Hepitatis A
Explanation:
the federal reserve can affect the money supply by:
Answer:
The Fed can impact the cash supply by changing store necessities, which by and large alludes to the measure of assets banks should hold against stores in financial balances. By bringing down the hold prerequisites, banks can advance more cash, which builds the general stockpile of cash in the economy.
Really hope this helps! Thank you!
If a small municipal government buys $5,000 worth of business supplies, spends $55,000 to hire an administrator, and spends $26,000 for a new automobile used by the administrator, this municipal government's contribution to GDP is: Group of answer choices $0. $55,000. $60,000. $86,000
Answer:
$86,000
Explanation:
Since the government is hiring a worker, not a private company, it counts towards GDP, as does buying supplies.
$55,000 + $26,000 + $5,000 = $86,000
one of the advantages associated with television as an advertising medium is that it:
One of the advantages associated with television as an advertising medium is that it has the ability to communicate with the audience through sight, sound, as well as motion all at once.
What is advertising?One of the most common advertising channels is television. This kind of advertising media offers numerous benefits, including the ability to reach a large audience, a well-appropriate target group, and the ability to advertise often.
In comparison to online advertisement, it first introduces a brand to a far bigger audience. Most other types of promotion are driven by TV advertising. Although audiences may use various gadgets while watching TV, they are still very much interested with the material.
A marketing strategy known as advertising involves purchasing real estate to advertise a commodity or service. The actual marketing efforts are called advertising, or ads for short. Reaching those who are the most likely to be to purchase for a company's activities is the aim of advertising.
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company can make. This is also known as a(n):
A
Product A
oo
ов
39
65
Product B
A. production possibilities curve.
a
O
O
B. opportunity cost graph.
C. projected annual growth plan.
O
O
D. capital investment model.
SUBMIT
This graph shows the relationship between the amount of two products a company can make. This is also known as a production possibilities curve. The correct option is (C).
What do you mean by the production possibilities curve?The line known as the production possibilities curve (PPC) illustrates all the possible output combos that can be created using the available resources and technology.
A production options curve depicts different pairings of two products that can be made using the available resources.
The four factors of production—natural resources (including territory), labor, capital products, and entrepreneurship—combine to make up the input.
When resources are allocated to producing more of one good and less of another, the points on the graph represent how much of each good will be created.
Therefore, this graph depicts the link between the quantity of two items that a firm may produce. This is often referred to as a production possibility curve.
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This is an incomplete question the complete question is:
This graph shows the relationship between the amount of two products a company can make. This is also known as a(n):
A. project annual growth plan.
B. opportunity cost graph.
C. production possibilities curve.
D. capital investment model
the diffusion of innovation refers to the rate at which consumers ______ a given product or service.
Answer:
adopt
Explanation:
Imagine there are two countries: A and B. These countries have the same amount of resources and both produce two goods, pens and scissors. If country A dedicates all of it's resources to pens, it can produce 1000 pens. If country A dedicates all of it's resources to scissors, it can produce 3000 scissors. If country B dedicates all of it's resources to pens, it can produce 500 pens. If country B dedicates all of it's resources to scissors, it can produce 1000 scissors. Now try a different trade ratio.
Required:
Which country would accept and/or not accept a trade of 200 pens for 500 scissors (i.e. the trade would benefit them)?
Answer:
The American statesman Benjamin Franklin (1706–1790) once wrote: “No nation was ever ruined by trade.” Many economists would express their attitudes toward international trade in an even more positive manner. The evidence that international trade confers overall benefits on economies is pretty strong. Trade has accompanied economic growth in the United States and around the world. Many of the national economies that have shown the most rapid growth in the last few decades—for example, Japan, South Korea, China, and India—have done so by dramatically orienting their economies toward international trade. There is no modern example of a country that has shut itself off from world trade and yet prospered. To understand the benefits of trade, or why we trade in the first place, we need to understand the concepts of comparative and absolute advantage.
In 1817, David Ricardo, a businessman, economist, and member of the British Parliament, wrote a treatise called On the Principles of Political Economy and Taxation. In this treatise, Ricardo argued that specialization and free trade benefit all trading partners, even those that may be relatively inefficient. To see what he meant, we must be able to distinguish between absolute and comparative advantage.
A country has an absolute advantage in producing a good over another country if it uses fewer resources to produce that good. Absolute advantage can be the result of a country’s natural endowment. For example, extracting oil in Saudi Arabia is pretty much just a matter of “drilling a hole.” Producing oil in other countries can require considerable exploration and costly technologies for drilling and extraction—if indeed they have any oil at all. The United States has some of the richest farmland in the world, making it easier to grow corn and wheat than in many other countries. Guatemala and Colombia have climates especially suited for growing coffee. Chile and Zambia have some of the world’s richest copper mines. As some have argued, “geography is destiny.” Chile will provide copper and Guatemala will produce coffee, and they will trade. When each country has a product others need and it can be produced with fewer resources in one country over another, then it is easy to imagine all parties benefitting from trade. However, thinking about trade just in terms of geography and absolute advantage is incomplete. Trade really occurs because of comparative advantage.
Explanation:
The country that should accept trade 200 pens for 500 scissors is Country B.
What is comparative advantage?
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. If the country does not have a comparative advantage inthe production of a good, that goos should be imported.
Opportunity cost in producing 1 scissors:
For country A = 1000 / 3000 = 1/3
For country B = 500 /1000 = 1/2
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Which interest rate will earn the largest return on $1,000?
A. Simple interest at 5 percent
B. Simple interest at 3 percent
C. Compound interest at 3 percent
D. Compound interest at 5 percent
Answer: A
Explanation:
The garment industry is an example of which type of production?
Answer:
What are the different production systems used in the garment industry?
Mostly used production systems in the garment industry are as follows.
Make Through System. ...
Progressive Bundle System. ...
Section Production System. ...
Modular Production System. ...
One Piece Flow System. ...
Overhead Production System (UPS -Unit Production system)
Explanation:
i think might help
Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the subject. Typically, being the first to try out new computer parts and models, he would be classified ________ in terms of the diffusion of innovation curve.
Kendrick as a personel who is highly knowledgeable as regards new developments in computer technology, and in all means try to explore new computer parts and models can be regarded as an Innovator in the domain of diffusion of innovation curve.
The innovation adoption curve can be regarded as the curve that showcase how users falls into different categories, this is usually classified as per their willingness to accept new technology or an idea.Kendrick, in this case try out the new computer part with all willingness.
Therefore, Kendrick can be seen as innovator.
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the elements of a brand that cannot be spoken are called the ______.
The elements of a brand that cannot be spoken are called the brand mark.
Every band has its properties and elements such as the brand name and
brand equity which can be spoken to describe what the brand is all about.
These elements are usually unique and helps to describe the brand and its
operations.
However , the brand mark is like a logo and contains pictorial properties
which can be seen.
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A corporation has issued $100 par, 8% cumulative convertible preferred stock, callable at par. The preferred is convertible into 1.4 shares of common stock. Currently, the preferred stock is trading at $102 while the common stock is trading at $75.50. The corporation calls the preferred stock at par plus accrued dividends of $2 per share. If a customer buys 100 preferred shares, converts, and then sells the common stock in the market, the profit is (ignoring commissions):_________
a. tender offer
b. forced conversion
c. advance refunding
d. simultaneous transaction
a. The profit the investor made when he sold the common stock shares in the market is $370.
b. The investor sold the 140 common stock shares through a. tender offer.
A tender offer is made when the investor is approached by another investor in the open market to buy the 140 common stock shares. In this instance, the shares are sold at the prevailing market price.
Data and Calculations:
Par value of cumulative convertible preferred stock = $100
Dividend rate per year = 8%
Current price of preferred stock = $102
Number of shares of preferred stock bought = 100
Total cost of purchase = $10,200 (100 x $102)
Sales price of common stock = $75.50
Number of common stock shares converted = 140 (100 x 1.4)
Sales proceeds from sale of common stock = $10,570 ($75.50 x 140)
Profit made by investor = $370 ($10,570 - $10,200)
Thus, the sale of the common stock shares was not by forced conversion, advance refunding, simultaneous transaction, but by a tender offer.
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Henry is preparing to give a report on the coronavirus vaccine and is starting his research. What are the BEST possible sources for him to use in his research?
✅government websites and newspapers
- friends’ and parents’ opinions
- Twitter and Reddit
- advertisements
Answer:
government websites and newspapers or
advertisements
when does the right to enforce patent protection begin
We best learn from other people's struggles, successes, and stories.
True
O False
Answer:
true bhe
Explanation:
syempre natututo rin tayo sa mga pagkakamali ng iba dahil sa pagkatuto natin alam na natin yung gagawin natin para maiwasan ang pagkakamali nila.
Answer:
true
Explanation:
what is the first step to developing your marketing mix?
Answer:
Step 1: Document Your Business Goals and Budget. ...
Step 2: Conduct A SWOT Analysis. ...
Step 3: Identify Your Target Personas. ...
Step 4: Develop Your Marketing Goals. ...
Step 5: Build Your Activity Plan.
sadiya, who owns a dance studio, consistently reminds her employees that dance lessons are a luxury for customers, so they should be both informative and fun. by making these statements, sadiya is
When Sadiya makes statements to her employees about the characteristics of dance classes, which should be informative and fun, she is explicitly stating values and norms preferred by her organization.
As the owner of the dance studio, she manages and coordinates her collaborators for the institution of organizational culture focused on the studio's vision, mission and values.
An organization focused on offering a differentiated and quality service to the customer will increase its value, positioning and competitiveness.
Therefore, through her services, Sadiya aims to generate value to her customers through informative and fun dance classes, increasing the loyalty and success of her business.
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studies exploring nurses’ perceptions about using robots to insert ivs found initial resistance, with some nurses concerned about the cost and potential patient harm of these devices. as part of the ________ stage of change, the nurses’ managers are modeling how to use the robots and demonstrating their high level of accuracy.
Answer:
Explanation:
Refreezing
In the description given above, we see that the nurses have gone beyond resisting the use of robots to insert IVs to modeling the use of robots in this practice. They have undergone a change.
As part of the Refreezing stage of change, the nurses’ managers are modeling how to use the robots and demonstrating their high level of accuracy.The refreezing stage of change refers to the point when the person who is learning a new concept has started adopting it and making it a part of him or her.
This is what happens to the nurses as they no longer resist the idea of using robots in administering IVs. They are now modeling its use.
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Juno Co. purchased a machine for $10,000 and estimates it will use the machine for three years with a $2,000 salvage value. It expects to produce a total of 8,000 units as follows: 3,000 during year one; 2,500 during year two; and 2,500 during year three. Using the units-of-production depreciation method, compute the machine's first year depreciation expense.
The machine's first year depreciation expense is $3000.
The units-of-production depreciation method is a depreciation method where the depreciation expense of an equipment depends on the units of a product produced in a given period.
Deprecation expense = (total units produced in year 1 / total units that the machine can produce) x (cost of the asset - salvage value)
Deprecation expense in the first year
(3,000 / 8,000) x ($10,000 - $2,000)
0.375 x $8,000 = $3000
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Review three online articles that describe characteristics of a good investment opportunity. write a one - paragraph summary of each.
Answer:
1. Ownership Investments
Ownership investments are the most volatile and profitable class of investment. The following are examples.
Stocks
Owning stock means owning a portion of a company. It may be a miniscule stake, but it's ownership.
More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both.
Some of these investments, such as stocks, come with the right to a portion of the company's value. Others, such as futures contracts, come with the right to carry out a certain action that will benefit their owners.
2. Let’s face it, starting a business can be expensive. Few entrepreneurs have the cash on hand to get the ball rolling without some outside help. If you’re starting a small business or looking to grow your business, you may seek financing through a traditional loan, a microloan, or cash from your friends and family. You can also seek funding from investors which is why it’s important to understand what investors look for before investing.
Remember that investors are fundamentally different from lenders, and you’ll need to consider that when you decide what kind of funding you want. Lenders give you money and you repay it with interest. Investors give you money in exchange for ownership of part of your business. Their investments may come with restrictions–that you have to get approval for transactions over a certain dollar amount, for example, or that you have to set up an independent Board of Directors. And investors have certain rights, too, which you should discuss with your lawyer before jumping in.
Investors can be a great thing for your business. First, an investor isn’t demanding repayment every month because it’s not a loan. An investor can also be a reliable source for business advice and may have a strong business network that you can draw on. But this isn’t free money – your investors will have certain expectations.
If you do decide that you want to seek funding from investors, how do you draw them in? What is it that makes them decide to put money into a business?
3. As an investor, you have a lot of options for where to put your money. It’s important to weigh types of investments carefully.
Investments are generally bucketed into three major categories: stocks, bonds and cash equivalents. There are many different types of investments within each bucket.
Here are six types of investments you might consider for long-term growth, and what you should know about each. Note: We won’t get into cash equivalents — things like money markets, certificates of deposit or savings accounts — as those types of investment accounts are less about growing your money and more about keeping it safe.
Explanation:
suppose the market for apples is perfectly competitive. the first graph depicts the supply and demand curves for the market for apples. the second graph represents an individual apple grower. graph the demand curve the individual grower faces by placing the endpoints of the firm demand curve in the correct locations.
A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
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When both the offeror and the offeree agree to all terms and conditions of the contract, this is known as
A. mutual assent
B. acceptance
C. counteroffer
D. offer
Answer:
mutual assent
Explanation:
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3. Shares of stock ABC fell 12%, closing at $42.56. What was the value of the stock before the fall? Round the answer to the nearest cent.
O $51.07
O $47.66
O 354.56
O $48.36
When determining asset allocation and diversification, you should mostly
consider
A. rate of return
B. portfolio size
C. real estate holdings
D. similar investments
Answer:reet of return
Explanation: