b O 1 X ------- a (A) S = MC D Multiple Choice 10 20 004 O 611111 gh (B) MC MR D Qx Refer to the diagrams. Which of the following statements is most accurate about these figures? Firms in neither industry represented by (A) and (B) will realize productive or allocative efficiency. Firms in industry (B) will realize both productive and allocative efficiency. Firms represented by (A) will not. Firms in industry (A) will realize both productive and allocative efficiency. Firms represented by (B) will not. Firms in industry (A) will achieve allocative efficiency, while firms in (B) will realize productive efficiency.

b O 1 X ------- a (A) S = MC D Multiple Choice 10 20 004 O 611111 gh (B) MC MR D Qx Refer to the diagrams. Which of the following statements is most accurate about these figures? Firms in neither industry represented by (A) and (B) will realize productive or allocative efficiency. Firms in industry (B) will realize both productive and allocative efficiency. Firms represented by (A) will not. Firms in industry (A) will realize both productive and allocative efficiency. Firms represented by (B) will not. Firms in industry (A) will achieve allocative efficiency, while firms in (B) will realize productive efficiency.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 20P: May and Raj me the only two growers who provide organically grown corn to a local grocery store....

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Juanita and Shantala run a business that programs and tests cellular phones. Assume that Juanita and Shantala can switch between programming and testing cellular phones at a constant rate. The following table applies. Minutes Needed to Number of Cellular Phones Programmed or Tested in a 40-Hour Week Program 1 Test 1 Cellular Phones Cellular Phones Cellular Phone Cellular Phone Programmed Tested Juanita 160 1200 Shantala 10 4. 240 600 Shantala has an absolute advantage in O a. programming cellular phones and a comparative advantage in testing cellular phones. O b. testing cellular phones and a comparative advantage in programming cellular phones. O c. testing cellular phones and a comparative advantage in testing cellular phones. O d. programming cellular phones and a comparative advantage in programming cellular phones.
1. DIHL Co. isa Danao-based logisiCs company owned by Engr. Donaid H. Lalican. Antcipating the growing demand for delivery services, he developed a strategic plan for the year 2022. The options are to hire additional delivery crews in their Mandaue facility, construct a new facity in Talisay City, or subcontract Ohiala Move, a smal-time company. A study conducted by the marketing department forecasted the following payoff values, which are summartzed in the tabie below. The values are expressed as gains and alpha = 0.6. What decision will Engr. Lalcan make using the different criteria under conditions of uncertainty. Question is what is the worst possible decision he will make? States of Nature Decision Alternatives Failure Low Moderate High Hire additional Drivers in Mandaue 450,000 250,000 250,000 500,000 Construct a facility in Talisay 800,000 400,000 300,000 700,000 Subcontracting Ohlala Move 100,000 10,000 150,000 300,000
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