When costs that vary with the level of output are divided by the output, you have calculated?
According to thompson's perfect-world model, perfect efficiency occurs when customer needs are being met.
The Thompson's perfect-world model aligns with the idea of perfect competition where both allocative and productive efficiencies are attained at peak levels in a long-term equilibrium. It means goods are produced at the lowest cost (productive efficiency) and allocated to provide maximum utility to consumers (allocative efficiency), satisfying customer needs optimally.
Explanation:Thompson's perfect-world model refers to an ideal scenario where customer needs are met effectively. This scenario resembles the state of perfect competition in the market structure. In this context, 'perfect' efficiency means both allocative and productive efficiency are at their peak level in a long-term equilibrium.
Productive efficiency refers to production at the lowest possible cost, while allocative efficiency suggests that resources are allocated to produce goods and services that offer the maximum utility to consumers. This occurs when profit-maximizing firms in perfectly competitive markets combine with utility-maximizing consumers.
As a result, the long-term equilibrium in perfectly competitive markets meets two key conditions: allocative and productive efficiency. Consequently, resources are allocated to their best alternative use, and maximum satisfaction is achieved by society.
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The food and drug administration (fda) is an example of an executive agency. if fred smith is an officer in the fda and he fails to perform his duties properly, the power to remove him lies with
What dollar denominations are given out at supermarket cash back?
If a consumer feels that the amount paid by the e&o company is insufficient and the licensee has no money, the consumer could receive additional compensation from
Why would a business want to rebrand?
a. To trick consumers into thinking it's a different company.
b. To change consumers' attitudes toward the company.
c. To destroy their company and start from scratch.
d. To satisfy already pleased consumers.
A business want to rebrand because to change consumers attitudes toward the company.
What is business?An economic activity involving the production and sale of goods and services undertaken with a motive of earning profit by satisfying human needs in society is called business. All business activities are economic activities and are done for the sole purpose of earning money. It involves production or procurement of goods and services. A manufacturer is involved in production, while a shopkeeper is involved in procurement. Sale and exchange of goods and services is done to satisfy human needs. One time dealing in goods or services cannot be termed as a business.
The business should happen on a regular basis. Returns can never be certain in business activity. This happens because of external factors which are outside the control of the business organization. Profits play a vital role in any business. Business risk refers to possibility of inadequate profits or even losses due to uncertainties e.g., changes in tastes and preferences of consumers, strike, increased competition, change in Government policy etc.
Who is consumer?"Any individual who purchases products or services for his personal use and not for manufacturing or resale is called a consumer. A consumer is one who is the decision-maker whether or not to buy an item at the store or someone who is influenced by advertisement and marketing. Every time someone goes to a store and buys a shirt, toy, beverage, or anything else, they make a decision as a consumer. Consumer refers to any person who purchases some goods for a consideration that has been either paid or promised to pay or partly paid and partly promised."
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A fruit packing plant usually shuts down for three months each year. during that period, what happens to its costs? its fixed costs are greater than zero. its variable costs are greater than zero. its total costs are zero. its fixed costs are zero.
Innocent misrepresentation can be the basis for the injured party to rescind the contract.
a. True
b. False
Frederick taylor believed the best way to improve worker productivity was to
A credit rating (score) of ________ would normally allow you to have easy approval for credit.
The thunder "boomed" and the lighting "cracked" are examples of:
An informative speaker presents information, so the audience will:
What is an alternative name for origin points within transportation modeling?
Clayton, inc. purchased a van on january 1, 2016, for $850,000. estimated life of the van was five years, and its estimated residual value was $91,000. clayton uses the straight-line method of depreciation. at the beginning of 2018, the company revised the total estimated life of the asset from five years to four years. the estimated residual value remained the same as estimated earlier. calculate the depreciation expense for 2018.
a.$227,700
b.$113,850
c.$136,600
d.$273,200
Kurt simmons has 50/100/15 auto insurance coverage. one evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. damage to the parked car was $5,400, and damage to the store was $12,650.
a. what amount will the insurance company pay for the damages? insurance payment $
b. what amount will kurt have to pay? personal liability $
I NEED HELP WITH THIS PLEASE!!
Economics
You are working with your neighbors to establish a brand-new society.
• How would you organize economically?
• Would you institute a pure market, command, or mixed economic system?
• What are the pros and cons associated with each approach?
• Use cost-benefit analysis to determine which you would select and why?
Theresa drank 5 ounces of wine. this amount of wine has about as much alcohol as the amount that is in
How does a budget and saving increase your ability to purchase items you want or need over time?
Answer: It increases ability and chances of actually buying it
Explanation:
Budgeting and savings help to increase your ability to purchase items over time because it restricts you wasting your money over something else which are not valuable and also you may hardly wants or need.
A budget makes you to know what you can afford and take advantage of buying and investing in opportunities, and plan how to lower your debt as well. It also tells you what is important to you based on how you distributes your funds, how your money is working for you, and how far you are towards reaching your financial goals or aim
Their first night in the residence hall, karl invited his new roommate to go to the union to shoot some pool and eat a pizza. what strategy was karl using to gather information about his roommate? passive active interactive strategic
Karl was using the interactive strategy to gather information about his roommate.
The interactive strategy involves directly engaging with someone through conversation or activities to learn more about them.
By inviting his roommate to play pool and eat pizza, Karl is creating an opportunity for direct interaction, allowing them to get to know each other better through shared experiences and dialogue.
This approach contrasts with passive (observing without interaction) and active (seeking information through third parties) strategies.
Although the ethics codes of the various professional organizations have specific differences, some of the common themes include:
1. ) Which task is common to both restaurant and lodging workers, but not to recreation workers? PLEASE HELP ME ON MY FINAL ANYTHING HELPS !!!!
A. handling money
B. taking reservations
C. motivating and teaching
D. preparing food and drink
2.) Bobby wants to manage a chain of high-end restaurants. Which educational path will most likely lead to his success?
A. He should enroll in a graduate program in hospitality management and seek a job or internship at a restaurant.
B. He should enroll in an associate program for marketing and seek a job or internship at a restaurant.
C. He should enroll in a bachelor’s degree program in hospitality management and seek a job or internship at a restaurant.
D. He should enroll in culinary and bartending programs and seek a job or internship at a restaurant.
3.)Bobby wants to manage a chain of high-end restaurants. Which educational path will most likely lead to his success?
A. He should enroll in a graduate program in hospitality management and seek a job or internship at a restaurant.
B. He should enroll in an associate program for marketing and seek a job or internship at a restaurant.
C. He should enroll in a bachelor’s degree program in hospitality management and seek a job or internship at a restaurant.
D. He should enroll in culinary and bartending programs and seek a job or internship at a restaurant.
1. ) Which task is common to both restaurant and lodging workers, but not to recreation workers? PLEASE HELP ME ON MY FINAL ANYTHING HELPS !!!!
A. handling money
B. taking reservations
C. motivating and teaching
D. preparing food and drink
Recreation workers deal more with leading activities for people, through fitness, camps, and keeping people involved in the community activities. Restaurant and lodging workers focus more on serving customers so preparing food and drink apply more to them.
2.) Bobby wants to manage a chain of high-end restaurants. Which educational path will most likely lead to his success?
A. He should enroll in a graduate program in hospitality management and seek a job or internship at a restaurant.
B. He should enroll in an associate program for marketing and seek a job or internship at a restaurant.
C. He should enroll in a bachelor’s degree program in hospitality management and seek a job or internship at a restaurant.
D. He should enroll in culinary and bartending programs and seek a job or internship at a restaurant.
In order of importance, C is the correct answer because he needs to obtain his bachelor’s degree before he can focus on a graduate program in the field.
Restaurant is a place where people pay to sit and eat meals that are cooked and served on the premises.
What are the peculiarities of restaurant and hospitality?Which task is common to both restaurant and lodging workers, but not to recreation workers? D. preparing food and drinkBobby wants to manage a chain of high-end restaurants. Which educational path will most likely lead to his success?C. He should enroll in a bachelor’s degree program in hospitality management and seek a job or internship at a restaurant.Bobby wants to manage a chain of high-end restaurants. Which educational path will most likely lead to his success?C. He should enroll in a bachelor’s degree program in hospitality management and seek a job or internship at a restaurant.Therefore, the correct answers are as given above.
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Each state determines its own primary-election date through careful negotiation with the _____.
What type of policy would offer a 40-year old the quickest accumulation of cash value?
The type of policy that one would offer to a forty year old individual in having to provide the quickest accumulation of the cash value is the twenty pay life. This is a policy of having to pay payments in a period of twenty years in which the individual will be secured with life insurance.
A Whole Life Insurance policy would provide the quickest accumulation of cash value for a 40-year-old, particularly with an elevated premium. Though cash value grows over time with these policies, it is most substantial in later years. The speed of cash value growth depends on the premiums paid.
Explanation:For a 40-year-old, the type of policy that would offer the quickest accumulation of cash value is most likely a Whole Life Insurance policy. These policies not only provide death benefits, but they also allow for the accumulation of cash value, a portion of your premium that grows tax-deferred over time. They usually start to accumulate noticeable cash value after a period of about 12 to 15 years. However, the cash value does grow faster in the later years of the policy, not in the initial years due to the costs associated with setting up the policy itself.
If quick cash accumulation is a priority, a policy with a higher premium may be a suitable option. The faster you want your cash value to grow, the higher the premium you would have to pay. It's important to note, however, that higher premiums would increase your costs, so it's crucial to weigh the benefits against the cost.
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The management of Onyx Corp. is unable to make accurate forecasts on capital investment. Which factor is preventing it from making such forecasts?
unstable price levels
high but stable inflation rate
low but stable inflation rate
stable price levels
low employment rate
Answer:
unstable price levels
Explanation:
plato
True or false: the private market can solve this problem by asking people to send in $1 every time they watch downton abbey.
The proposal of people paying $1 each time they watch a show like Downton Abbey as a solution to a saturated digital streaming market is not necessarily effective or efficient, and could potentially cause more issues than it solves.
Explanation:This question addresses a potential solution to the problem of a saturated digital streaming market, which is leading to higher subscription costs for individuals. The idea being proposed is that individuals would send in $1 each time they watch a specific show, in this instance, Downton Abbey. There's a question about whether this private market arrangement could resolve the issue at hand. Presumably, this would replace the concept of a monthly subscription fee and might help to alleviate market saturation as people could then pay only for what they watch.
However, unregulated practices like this could pose other problems. For example, there would need to be a reliable and efficient way to track viewing and payments, which may potentially improve viewers' privacy rights. Also, for avid viewers, this could potentially even increase the cost of accessing their favorite content. So, while this method could potentially offer a solution, it's not clear cut that it would be an efficient or effective one, and could potentially cause more issues than it solves.
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The longer the time period considered the more the elasticity of supply tends to
When a times-interest-earned ratio is 8.5, this means that the firm:?
An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized way is termed the ________.
An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized way is termed the Service Oriented Architecture or abbreviated as SOA. It is also a style of software design in which services are provided to the other components by application components, through a communication protocol over a network.
To compare levels of production from different years, the appropriate measure to use is:
In comparing levels of production from different years, the appropriate measure to be used is the real GNP. The real gross national product is a measurement of the economy in means of adjusting it due to the inflation effects possible.
Consumer products such as furniture, clothing, and sporting goods are examples of _____.