Why allocative efficiency and productive efficiency

Assignment Help Business Economics
Reference no: EM131876924

Explain why allocative efficiency and productive efficiency are achieved where P = minimum ATC = MC.

Reference no: EM131876924

Questions Cloud

Define and discuss how to develop the terminal value : Define and discuss how to develop the Free Cash Flow forecast . Define and discuss how to develop the Terminal Value.
Define the stages of the consumer buying process : For this milestone, due in Module Four, you will prepare a PowerPoint presentation (minimum of 3 slides) summarizing the consumer buying processes.
Develop a marketing plan for target corporation : Proposed Assignments for MGT Courses - Develop a marketing Plan for Target Corporation,Saudi Arabia. Define the SWOT analysis for Target Corporation, Saudi Arab
Prepare sesame entry to record depreciation expense : On January 1, 2013, Sesame revised these estimates to a total useful life of 4 years, Prepare Sesame's entry to record 2013 depreciation expense
Why allocative efficiency and productive efficiency : Explain why allocative efficiency and productive efficiency are achieved where P = minimum ATC = MC.
Provide three thought-provoking takeaways from the podcast : Search credible websites for a podcast on a specific health problem in a country of your choice. Provide three thought-provoking takeaways from the podcast.
Describe your thought provoking reaction to the podcast : What is the impact on the population because of this health problem? Were you aware of this health problem prior to reviewing the podcast?
Compute the departmental overhead rates : Normally, the air conditioners are produced in batch sizes of 20 at a time. Compute the departmental overhead rates using machine hours as the cost driver
What role do nursing theories play in practice of nursing : Your posting should be not more than 300 words and not less than 250 words. APA format. What role do nursing theories play in the practice of nursing?

Reviews

Write a Review

Business Economics Questions & Answers

  Two chimpanzees chosen to carry out genetic research

Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course. Two chimpanzees chosen to carry out genetic research.

  Calculate anthony his explicit cost

Calculate Anthony his explicit cost for operating his consulting firm for a year?

  Matthew utility function

Matthew's utility function implies that the marginal utility of bananas is 0.5 √X/Y and the marginal utility of ham burgers is 0.5 √Y/X. How many bananas will Matthew buy? How many ham burgers will he buy?

  What are the long-run-cost-minimizing values

(a) When Jimmy's technology is given by: f(L,K) = min(5L,2K) What are the long-run, cost-minimizing values of L and K when his production target is 100 widgets?

  Describe the kinds of economic systems

Describe the kinds of Economic Systems - Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.

  Suppose that darnell is only consumer in apartment market

Consider the market for apartments. The market price of each apartment is $140,000, and each buyer demands no more than one apartment. Suppose that Darnell is the only consumer in the apartment market. His willingness to pay for an apartment is $245,..

  Quantity of burgers demanded in equilibrium

Illustrate what is the quantity of burgers demanded in equilibrium.

  What is your target service level

You are the buyer for your university bookstore. One of the textbooks has a cost to you of $ 100 and you sell it to students for $140. Any copies of the book that you order and do not sell to students can be returned to the publisher for an average $..

  Difference between them is in annual electricity consumption

You have narrowed your choice of which refrigerator to purchase down to two choices. Both are used, and both will last two years. The difference between them is in the annual electricity consumption.

  Static supply and demand theory to analyze a dynamic world

What is the best way to use static supply and demand theory to analyze a dynamic world which is constantly changing?

  Believe acts in socially responsible manner

Identify a company that you believe acts in a socially responsible manner, and describe some of the actions that they undertake in doing so. What benefits might be expected to result from these actions?

  Explain how this outcome can be improved

Find the Nash Equilibrium of the game and explain why your result is the equilibrium. If the Nash Equilibrium the best outcome for the game? If not, explain how this outcome can be improved.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd