A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the concept of:

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Answer 1

A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of an efficient market.

Related Questions

If a software package is purchased, consider a _____, which offers additional support and assistance from the vendor.

Answers

If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor.

Supplemental maintenance with assist in future issues while using the software. These can range from not working correctly or just needing a few tips on how to use the software. Most companies that sell software or electronics, offer these.

Firms that operate internationally are able to:
a. expand the market for their domestic products
b. realize location economies by dispersing individual value creation activities to areas where they can be performed most efficiently and effectively.
c. realize greater cost economies from experience effects
d. earn greater return by leveraging valuable skills
e. all of the above

Answers

B is the answer
Say thanks!

A ____ is a product that consists of primarily intangible attributes

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A service is a product that consists of primarily intangible attributes.

Intangible means something you can not touch because it lacks the physical nature like an object (good). A service has value like a good but no presence.

Examples of intangible products/services are a travel agent, insurance, education and healthcare, along with many more.

Economists include the word final in the definition of gdp because we ____________.

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GDP - Gross domestic product is a measure if the final goods and services produced in their economy over a period of time. Economist use the word final in the definition of GDP because they are not counting unfinished products or services. An example often used to show a good that is not final is a car rental company. If Enterprise was sold a car from Ford for their rental car fleet, it is not a final good because it will be rented out to a customer. Enterprise is not the final consumer in the process.

Pitch, volume, rate, quality, articulation and other attributes are known as ____

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Pitch, volume, rate, quality articulation and other attributes are known as vocal cues.

Vocal cues relate to business in a lot of ways because you can 'read' a person or get a better understanding of the topic through body language and how someone speaks. Depending on what you are discussing the vocal cues will very. If an employee is in trouble, a manager may have strong voice tons compared to a promotion.

Final answer:

Pitch, volume, rate, quality, articulation, and other attributes are known as the perceptual attributes of sound.

Explanation:

Pitch, volume, rate, quality, articulation, and other attributes are known as the perceptual attributes of sound. These attributes relate to how we perceive sound and are influenced by the physical properties of sound waves, such as frequency, amplitude, and timing. Pitch refers to how high or low a sound is, volume (or loudness) indicates how strong or soft a sound is, and timbre characterizes the quality or color of a sound that makes it unique, even at the same pitch and loudness.

Additional musical elements include meter, dynamics, rhythms, tempo, duration, melody, form, and phrase, which are all essential in creating music. In speech, elements like pitch, rate, and loudness play a significant role as well, often referred to as vocal cues that can convey meaning beyond words.

Aromatic wines are known as ________, which generally are consumed before meals as a digestive stimulant.

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Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal.

Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?

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Your total profit would be $2,305

Answer:

c.. 2,305

Explanation:

got right

Data gathered from trade journals, the census bureau, and specialized research firms is considered to be _____ data.

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The answer on the blank is SECONDARY. Secondary data are those sources which is not from the original source. It is passed by the primary source in order to pass the information. Primary data are from the main source of the information.

Answer:

The answer is Secondary Data.

Explanation:

Data gathered from the trade journals, the census bureau and specialized research firms is considered to be the Secondary Data.

There are two types of data that are used in any research project. One is Primary data and the other is Secondary data. The data that is collected for only for the current research purpose is know as the first or the primary data. The data used in the project which is gathered for some other research project but can be used in this project as well, is know as the Secondary Data.

Total cost of each activity divided by the total activity is the computation of

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Calculate Activity Rates : Done by dividing the total cost for each activity by its total activity.

Hope this helps!

The role of profits in the model of perfect competition is to
a. determine which firm is the best firm in the industry.
b. make it worthwhile for people to invest in the company.
c. set the optimal price.
d. signal entrepreneurs to enter the industry.

Answers

The role of profits in the model of perfect competition is to signal entrepreneurs to enter the industry.

If you are trying to decide if starting a business and entering the industry is a good idea, seeing others make money will encourage you to do so. Seeing a high profit return on your potential work is helpful when deciding to enter or not. If you saw no profit, it's likely entering the industry wouldn't be a good idea.

To derive net domestic product (ndp) from gross domestic product (gdp), we must subtract ________________ from gdp.

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To derive net domestic product (NDP) from gross domestic product (GDP), we must subtract depreciation from GDP.

Depreciation is the reduced value of an asset over time, wear and tear on the asset. Cars, machines, equipment are examples of items that depreciate over time.

Answer:

Depreciation

Explanation:

To derive net domestic product ( NDP ) from gross domestic product ( GDP ) you will have to subtract the depreciation from the GDP.

NDP is used to account for the capital that was consumed by the people over the year in the form of basic amenities like housing and liabilities like automobiles and other form of accessories and to calculate this we will have to remove the depreciation value of this consumed goods from the gross domestic product of the country over the same year. while GDP is the overall market values of goods and services produced usually within a year.

depreciation is the reduction in value of goods and services or the reduction in value of an good bought over time due to certain conditions like wear and tear.

At nick's bakery, the cost to make homemade chocolate cake is $3 per cake. as a result of selling three cakes, nick experiences a producer surplus in the amount of $19.50. nick must be selling his cakes for

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Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.

Cost to make 1 cake= $3

FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake

SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50

ANSWER: He must be selling his cakes for $9.50.

Hope this helps! :)

Jim Walton perform services on credit for $2450 a debit for this transaction should be recorded to?

A. Accounts receivable
B. Cash
C. Revenue
D. Accounts payable

Need answer ASAP!!!

Answers

a) accounts receivable

Hope this helped!

Subchapter S corporations often do business in foreign countries.

True
False

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I believe that is false, they don't often do business in foreign countries.

Answer:

that is easy

Explanation:

its false

Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a gross profit margin last quarter of 33%. Which of the following actions would allow Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels?

A. Increase the price per panel.
B. Decrease the price per panel.
C. Spend more on labor and production.
D. Spend less on labor and production.

Answers

I would say he could increase the price per panel.

The action undertaken by Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels is to Increase the price per panel. Thus, option A is correct.

What is Gross Profit Margin?

The gross profit margin indicates how much money your company generated after deducting the actual costs of conducting business, which might include labor, materials, and other direct production costs. It is one of three primary profitability measures, along with the operating profit margin and net profit margin.

Price increase: If he sells the same amount of fence panels, his profit margin WILL GO UP because his revenue will go up.

He has a fence panel manufacturing firm called Bill's Gates. Last quarter, Bill Gates' gross profit margin was 33%. Bill's approach this quarter to enhance his gross profit margin, assuming he sells the same amount of fence panels, is to raise the price per panel. As a result, option A is correct.

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When arnie was sent to afghanistan for military duty, he was issued a special camouflage uniform so that he would not be as readily visible against the rocky desert landscape. camouflage is one application of the perceptual principle called:?

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It is part of the Gestalt perceptual principles.

Labor force is the total number of workers both the employed and the unemployed
a. True
b. False

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True. The definition of labor force is the people who are seeking to work or available to work, put in simple terms. The elderly, for example, are not part of the labor force because they are not in a condition to work. The labor force includes both unemployed and employed because you can still be fit to work without a job. The labor force is also called "workforce".

Hope this helps! Have a great day :)

The term structure of interest rates is influenced by

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cash rates probaly.I am going to assume

A specific job title would be an example of a keyword

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Answer:

Explanation:

3. If the typical balance on Lucy's credit card is $650 and the interest rate (APR) on her credit card is 18%, how much in interest would you expect Lucy to be charged in a typical month?
About $80.86
About $9.75
About $14.15
About $6.67
About $51.74

Answers

The answer is about $6.67

The answer would be about $6.67

It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.
a. True
b. False

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True. It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.

If a company produces and sells a fault product, they are liable for what happens next. If a customer was hurt when using the product correctly, they are at fault. Ethically and morally correct would be to stand up for their product, accept responsibility and help the customer.

________ is the centralized policy-based management of all information required for access to corporate systems by people, machines, programs, or other resources.
a. meta-directory service
b. identity management
c. meta-identity management
d. directory service

Answers

Answer:

The answer would be b) identity management

Explanation:

Identity management is used to authenticate users and to determine if they are authorized to access specific systems. Identity management operates by linking user rights and constraints with recognized identities. Identity management ensures that only authorized users can access to organizational systems while those without access are restricted.

Mr. gonzales wants to help fellow farmers in his community, but he is not interested in making a personal profit. his main goal is to join with other farmers so they can have better bargaining power when purchasing supplies.

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Not 100% sure what the question is, but it sounds like Mr. Gonzales is forming a union.

What is a variable expense?

A. An expense that is the same during some months, and different during other months.
B. An expense that is the same from month to month.
C. An expense that is different from month to month.
D. None of the above.

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I'm pretty sure it's C

An expense is a variable expense when its total amount changes in proportion to the change in sales, production, or some other activity.

When choosing which foreign country to enter, a country will be less appealing when?

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It is/was at war, it doesn't have the kind of financial sustenance you need.

Many people over 50 join the aarp (american association of retired persons) in order to enjoy the discounts provided to its members. this is an example of which type of incentive?

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This is an example of "Economic incentives".

Economic incentives refers to the what that motivates you to carry on positively, while inclinations are your needs, needs and wants. It give you the inspiration to seek after your inclinations.
How about if we look at a fundamental case. Suppose you need money. You are roused to work since you will be paid, which will enable you to accomplish your inclination for gathering money. Obviously, Economic incentives debilitate conduct. Assessments are a prime case of disincentives since they make items and administrations more costly.

Transfer payments are not included in gdp calculations because

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They get used up in making products....

Final answer:

Transfer payments are not included in GDP calculations because they do not represent the production of goods or services, but are simply a redistribution of funds from one group to another. GDP is a measure of actual economic activity, not wealth redistribution.

Explanation:

Transfer payments are not included in GDP calculations because they do not represent production of new goods or services. They are just re-allocations of money from one group (taxpayers) to another group (recipients). GDP, or Gross Domestic Product, is a measure of economic activity within a country. It includes all goods and services produced for market in an economy, including wages of workers and profits of businesses. However, transfer payments such as social security, unemployment benefits, and welfare payments are not included because they do not result from a new product being created or a service being performed.

For example, if a person receives $500 in unemployment benefits, this does not mean that the individual has produced $500 worth of goods or services. Rather, these benefits are a form of government redistribution, moving money from general taxes to individuals.

GDP is focused on tracking actual production and economic activity, not the redistribution of wealth or income. That is why transfer payments are not counted in GDP calculations.

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How is a line of credit different from a loan?

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A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan simply by writing a check. you are also able to borrow any part of your credit line again once you have paid it off.

The local government relies mostly on revenue from

-Medicare taxes
-property taxes
-income taxes
-interest from savings accounts

Answers

I think its the 3rd one

Answer:

Property taxes

Dividing a stock's current price per share by the issuing company's earnings per share results in

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Price per share / Earnings per share = Price-Earnings Ratio
Price-Earnings Ratio shows how much the investors are willing to pay per earnings for the company. For example, if the P/E Ratio is 15 suggests that the investors of a stock is willing to pay $15 per $1 of earnings of the company may produce over the year.

Dividing a stock’s current price per share by the issuing company’s earnings per share results in the price-earnings ratio. Price-earnings ratio = price per share / earnings per share. The price per share is how much each share of stock costs to purchase. The earnings per share is how a company can see if they are profitable now and in the future.

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The imagery of a hopeless battle helps to develop the theme that group thinking limits mans potential because ita. gives details of how violent societies can be when faced with overwhelming obstacles.b. suggests that the group with the larger numbers always wins the battle.c. implies that the narrator will also be killed for questioning authority.d. depicts the collective society as a destructive force that represses the independent thinker.(A is incorrect) Plant food made by photosynthesis consists of: A painter starts with a blank 36-inch by 24-inch piece of rice paper. The painter wants to leave a uniform border x inches wide along the outer edges so that the painting can be framed. Write a polynomial in standard form that represents the area of paper that can be painted. 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