Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Market Efficiency
Allocative Efficiency
Whenever an industry fails to achieve allocative efficiency by producing too little output, a shortage arises.
1 answer
You are probably right!
You can
ask a new question
or
answer this question
.
Similar Questions
Whenever an industry fails to achieve allocative efficiency by producing too little output, a shortage arises. What is wrong
Top answer:
Whenever an industry fails to achieve allocative efficiency by producing too little output, a
Read more.
Suppose that a firm in a perfectly competitive industry finds that at its current output rate, marginal revenue exceeds the
Top answer:
B. No, if the firm was maximizing its economic profits, the marginal cost would not be less than
Read more.
"How does the price and output behavior of a price-searcher compare with that of a price-taker? Be sure to explain your answer
Top answer:
Sure! I can help explain the relationship between price seeking/taking behaviors and technical and
Read more.
A person that fails to meet output standards could still have an efficiency measurement of more than 100%.
Top answer:
This statement can be true in some cases. Efficiency measurement involves comparing the actual
Read more.
why in allocative efficiency.p=mc
Top answer:
In economics, allocative efficiency refers to a situation where resources are allocated in such a
Read more.
Efficiency can best be defined as
A. the amount of output generated in a given amount of time. B. producing items using the least
Top answer:
I agree.
Read more.
Determine the missing value.
a) Output value/Efficiency: 100 J Efficiency: 100% Input E = ??? b) Input: 100 J Efficiency: 30%
Top answer:
a. Eo/Ei = 1.0 100/Ei = 1 Solve for Ei. b. Eo/Ei = 0.30 Eo/100 = 0.30 Solve for Eo. c. Same
Read more.
Compared to a perfectly competitive firm, a monopolist:
Question 26 options: A) charges a higher price. B) produces lower output.
Top answer:
D) all of the above.
Read more.
What shortage was created by the post-World War II baby boom?
a. a shortage of food products b. a shortage of hospitals c. a
Top answer:
c. a shortage of houses. Explanation: The post-World War II baby boom refers to a significant
Read more.
South Carolina State History.
What shortage was created by the post-World War 2 baby boom? A. A shortage of food products. B. A
Top answer:
D. A shortage of schools.
Read more.
Related Questions
Converting sunlight to electricity with solar cells has an efficiency of 15%. It's possible to achieve a higher efficiency
Efficiency of Machines Quick Check Answers - Physical Science B
Which is the equation for a machine’s efficiency? ANSWER -
The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the
the global lumber economy looked like in 2021. Key
search words might include “lumber industry,” “shortage,” and
Search online to find out what the global Lumber economy look like in 2021 key search words might be Lumber industry shortage
What shortage was created by the post-World War II baby boom?
(1 point) Responses a shortage of food products a shortage of food
A machine loses 600 kJ as waste heat while producing 5,350 kJ of useful energy output. The efficiency of this machine is
Which is the equation for a machine’s efficiency?(1 point)
Responses Efficiency=input energyoutput energy ⋅ 100
A pure monopolist is producing an output such that ATC = $ 6
, AVC = $ 5 , P = $ 10 , MC = $ 5 , and
Put the cars in order of achieving the greatest efficiency. Order them, the greatest efficiency at the top to the least