Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

what is allocative efficiency in terms of demand and supply?? (provide an example) Also what is the difference between Pareto Optimality and Allocative efficiency?

what is allocative efficiency in terms of demand and supply?? (provide an example)

Also what is the difference between Pareto Optimality and Allocative efficiency?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business

Authors: Alan M. Rugman, Simon Collinson

6th edition

273760971, 978-0273760979

More Books

Students also viewed these Economics questions

Question

★★★★★

(a) What conditions must be met if a molecule with polar bonds is non-polar? (b) What geometries will signify non-polar molecules for AB2, AB3, and AB4 geometries?

Answered: 1 week ago

Question

★★★★★

An analog signal xa(t) = sin(480t) + 3sin(720t) is sampled 600 times per second. (a) Determine the Nyquist sampling rate for xa(t). (b) Determine the folding frequency. (c) What are the frequencies,...

Answered: 1 week ago

Question

★★★★★

3. What is the intensity or level of involvement in the chosen activity? Once the backpack is opened, is the student engrossed and focused or is he just going through the motions?

Answered: 1 week ago

Question

★★★★★

Determine when a firm must pay for purchases made and invoices dated on November 25 under each of the following credit terms: a. Net 30 date of invoice b. Net 30 EOM c. Net 45 date of invoice d. Net...

Answered: 1 week ago

Question

★★★★★

You find a certain stock that had returns of 15 percent, 22.5 percent, 28.5 percent, and 19.5 percent for four of the last five years. Assume the average return of the stock over this period was 13...

Answered: 1 week ago

Question

★★★★★

Does the following sequence converge? If so, what does it converge to? (Justify your answers.) 4 Does the following sequence converge? If so, what does it converge to? (Justify your answers.)

Answered: 1 week ago

Question

★★★★★

CHALLENGE ACTIVITY 3.6.2: Ranges with gaps. Jump to level 1 Given integer ordered Cherries, output: "Small carton", if there are 20-50 cherries inclusive. "Medium carton', if there are 80-100...

Answered: 1 week ago

Question

★★★★★

Fill in the blank: The second slide of a presentation should include a statement of _____, such as: "The aim of this project was to determine the impact of reduced orders on inventory availability."...

Answered: 1 week ago

Question

★★★★★

What is the importance of Psychographics factors in consumer analysis?

Answered: 1 week ago

Question

★★★★★

GOVERNMENT NSW TAFE Part 1: Sales budget preparation Prepare a Sales budget for 'Health is care' Cafe situated in a Blacktown city hospital for 2016. Health is care Cafe-Sales data for the year ended...

Answered: 1 week ago

Question

★★★★★

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago

Question

★★★★★

please answer 2.) Which of the following statements is TRUE? a.) Economists seek to apply the scientific method to social science questions. b.) Models can provide useful insights because they are...

Answered: 1 week ago

Question

★★★★★

6. Give an example of how the liking principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

5. Give an example of how the consensus principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

9. Give an example of how the word because can trigger a cognitive reflex in another party.

Answered: 1 week ago

Previous Question Next Question