Debit Inventory Returns Estimated and credit Cost of Goods Sold for $100
When goods that were previously issued out for usage are returned to your stock and added back to your on-hand quantity, this is known as an inventory return.
To fill the inventory return form follow the given steps.
On the homepage's Transactions section, select the Returns link.In the Shortcuts section at the top of the page, select the New Supplier Return (Clerk Form) link from the My Returns list.You can enter five supplier return transactions at once on this page. The entry fields in the columns below match the field headers in the top bar.Click Save at the bottom of the form after entering the data in the appropriate fields.
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l. martinez, cpa, was auditing a client, marvelous retail company and selected a sample of inventory items from the perpetual records and vouched additions to receiving reports. this procedure was intended to satisfy which pcaob assertion?
The purpose of the technique was to substantiate assumption (C) Existence or occurrence. is the best choice.
Existence or occurrence: what are they?
Existence or occurrence: At a given time, the industry's debts are existent, and the agreements took place over that time. Concreteness - The reports contain all operations and entities that are required to be disclosed.
In accounting, how does the term "occurrence" mean?
Occurrence here denotes that the trades reported or documented truly took place and have to do with the organization. For instance, a documented transaction could reflect commodities that were received and charged since the period after being requested by legitimate clients.
Which three different kinds of existence are there?
These 3 sorts of existence are available.
Anicca 1. Dukkha no.2 Anatta 3.
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why was trade interrupted between european powers and the ming dynasty in the 15th century?
The Ming dynasty adopted an isolationist policy in the 15th century, which halted trade between European nations and the Ming. The isolationist Ming dynasty adopted this stance. The isolationist Ming dynasty adopted this stance.
European nations showed little interest in trading in the Indian Ocean. Clearly, the three technologies of gunpowder, printing, and the compass had as large of an impact on China as they had on Europe. Due to unfettered trade with its neighbors, both by sea and land via the Silk Road, which was first established during the Han dynasty, the Tang dynasty flourished.
Imperial expeditions were dispatched as far away as the east coast of Africa during this period of exploration. Early reigns' court arts are a reflection of the emperors' desire to show off their strength and majesty.
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Which institution assists individuals in buying and selling securities among investors?
Brokerage Firms assist individuals in buying and selling securities among investors.
What is a Brokerage Firm?An intermediary who brings together sellers and purchasers to complete a transaction involving stock holdings, bonds, options, and some other financial instruments is known as a brokerage firm or brokerage company. Once the transaction is completed, commissions or fees are levied as payment to the broker.
When clients bought stock shares on margin, brokerage firms would get interested. They would also receive interest and borrowing fees for the equities they gave out for short sells. Some brokers might provide banking services like credit cards, loans, and interest-bearing savings accounts.
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a(n) is the best level of quality achievement in one company that others seek to match or exceed. group of answer choices target value benchmark attribute variable
is the highest quality achievement possible in one organisation, which other businesses try to duplicate or surpass.
What does a benchmark mean?Benchmark, also spelled benchmark, is a term used to describe something that acts as a yardstick or benchmark for comparison. a stock which performance serves as a baseline for comparing the performance of other stocks: a point of comparison.
What makes it a benchmark?The term "benchmark," "bench mark," or "survey benchmark" refers to the lateral marks that surveyors chiselled into stone buildings so that an angle-iron could be inserted to create a "bench" for a levelling rod. This allowed levelling rods to be precisely re - positioned in the same location in the future.
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in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
In order to assess performance of their firms and their supply chains, managers study the data of customers to determine needs of those customers.
What is a supply chain?A supply chain, in the context of commerce, is a network of facilities that purchases raw materials, transforms them into intermediate goods, and then distributes those commodities to customers to produce finished items. In order to supply a good or service to a customer, a network of businesses, people, events, activities, data, and resources is needed. Natural resources, raw materials, and components must be transformed into a finished product as part of supply chain activities before being delivered to the final consumer. A typical supply chain starts with the ecological, biological, and political management of natural resources, then moves on to the human extraction of raw materials, which includes a number of production links, before continuing with a number of layers of storage facilities, each getting smaller and located in increasingly remote locations, before reaching the consumer.
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gomez service company paid its first installment on a note payable of $2000. how will this transaction affect the accounting equation?
Answer:
Answer: b. Decrease Assets (Cash) and decrease Liabilities (Notes Payable).
what percentage of their income should a self-employed person set aside for taxes?
As a self-employed person, you must set aside 15.3% of your income plus the amount determined by your tax bracket.
If you own your business, are an independent contractor, a single proprietor, a partner in a partnership, or a multi-member limited liability corporation (LLC) that is taxed as a partnership for federal tax reasons, you are considered self-employed for this purpose. Self-employed people typically pay higher tax rates.
15.3% of your net freelancing income will be deducted as self-employment taxes for the 2022 tax year. This is a Social Security tax rate of 12.4% and a Medicare tax rate of 2.9%. Not all of your self-employment income is subject to the self-employment tax, depending on how much you made.
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nora's company is considering going into a foreign market. they have determined which markets to go into and the timing for going into them. what other basic entry decision do they need to make? multiple choice question. on what scale should they go in how to finance who to partner with where to establish headquarters
To partner with where to establish headquarters. As determined by Nora's company, which marketplaces to enter and the best time to do so the other fundamental. The correct option is A. Exporting can help sell excess inventory
In essence, there are six basic types of foreign entry that includes turn-key projects, exporting forming a joint venture, obtaining a licence, franchising with a company in the host nation or forming a subsidiary in the host nation. Every mode entrance into overseas markets have their advantages both benefits and drawbacks. Utilizing the fundamental entrance choice, which states.
The question "on what scale should they go in" enables the company to assess the input force level into the market.The star of the show is Nora Helmer. married to Torvald Helmer and the play who works at the bank and shares an apartment with her with their three children. Nora made the ideal wife and maintained she maintained her morals but was disappointed with how she was handled by Torvald, her spouse.
Complete question:
nora's company is considering going into a foreign market. they have determined which markets to go into and the timing for going into them. what other basic entry decision do they need to make? multiple choice question. on what scale should they go in how to finance who to partner with where to establish headquarters.
A. Exporting can help sell excess inventory
B. Marketing programs benefit from the cultural similarities in prospective markets
C. Financing can easily be obtained to expand internationally
D. Selling your products in other markets reduces their life cycle, making them more attractive
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bates company plans to add a new item to its line of consumer product offerings. two possible products are under consideration. each unit of product a costs $6 to produce and has a contribution margin of $3, while each unit of product b costs $12 and has a contribution margin of $4. what is the differential revenue for this decision? multiple choice $7 $1 $6 $9
The differential Revenue for the aforementioned company's decision would be $7. Option A is correct.
What is the differential Revenue?The difference in sales generated by two distinct courses of action is referred to as differential revenue. The notion is widely utilized while deciding between two (or more) company ventures.
Computation of Differential Revenue:
Deal = Cost + Contribution Margin, then
Selling cost of Product A = $6+ $3= $9
Selling cost of Product B = $12+ $4 = $16
Then, the Differential Revenue would be calculated as:
Differential Revenue = Selling cost of item B – Selling cost of Product A
Differential Revenue = $16 – $9
Differential Revenue = $7
Therefore, the differential revenue for the decision of the given company would be $7. Option A is correct.
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an open-end fund has a net asset value of $11.20 per share. it is sold with a front-end load of 5%. what is the offering price? (round your answer to 2 decimal places.)
The offering price includes a 5% front-end load, or sales commission so that every dollar spent results in just $0.95 going toward the purchase of shares. Therefore:
Offering Price = NAV/1-load = 11.20/1-0.05 = $11.79
What are sales commissions?
A type of variable-pay compensation for goods or services sold is commissions. Salespeople are frequently encouraged and rewarded with commissions. Additionally, commissions can be created to promote particular sales habits. For instance, commissions may be decreased while providing significant discounts. A sales associate or sales representative may pay a portion of a sale's value in sales commission. Your cost of items sold, credit card transaction fees, shipping expenses, and any sales commissions you may pay to sales employees are all variable costs. An employee who receives a commission receives a share of the proceeds from the transaction. For instance, if a worker sells a couch for $500 and gets a 10% commission on every sale, they will be paid $50 for that sale.
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What is multinational companies and transnational companies?
The multinational and transnational companies are such companies that continue their business operations in more than one country.
A multinational company can be referred to or considered as a country that has extended its scope of business operations in at least two countries over a prolonged period of time.
The main office or headquarters of such companies is in the country of its origin, whereas, the other countries are for the purpose of branch operations. For example, Apple is a multinational company.
Therefore, the significance regarding multinational and transnational companies has been aforementioned.
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as the new director of diversity and inclusion at your company, part of your job is to educate others in your company about the importance of diversity for your business. what argument might you present to support your case that diversity is good for business?
Diverse teams lead to more innovative and effective ideas and implementations because diverse perspectives force people to go outside their normal paradigms of operation and consider other perspectives.
Team range refers to the variations between person members of a team which could exist on diverse dimensions like age, nationality, non secular history, purposeful background or undertaking competencies, sexual orientation, and political choices, among others.
A numerous team is a collection of people who have distinctive backgrounds and abilities that paintings together as a group to acquire employer dreams. they may have variations concerning age, nationality, ethnicity, spiritual heritage, private records, expert historical past, abilities, gender or political choices.
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which combination of accounts and exchange rates is correct for the translation of a foreign entity's financial
For the accurate translation of a foreign entity's financial statement, the weightage average is the combination of accounts and exchange rates.
The process of converting the functional currency financial statements of a foreign entity to the reporting entity's financial statements is known as currency translation.
Assets and liabilities are converted at current exchange rates rather than historical ones when using the current rate approach as opposed to the temporal (historical) method. As a result, there is a significant chance that the current exchange rate will change.
Gains and losses related to this translation are recorded on a reserve account rather than the consolidated net income account, which is utilized in the temporal method, in order to assist reduce this volatility.
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under the uniform securities act, the administrator may a) waive only those requirements of the act that are nonbinding b) make rules, orders, and forms the administrator considers necessary to carry out the provisions of the act c) waive any requirement of the act he deems inappropriate d) relax the antifraud provisions for investment adviser representatives not residing in the state
The administrator of the uniform securities act may create any regulations, orders, or forms that they see necessary to implement the act's provisions.
What does the Uniform Securities Act aim to achieve?In addition to the federal Securities and Exchange Act, the Uniform Securities Act (USA) offers fundamental investor protection against securities fraud. Only securities that are not governed by the Securities and Exchange Commission are covered under the act.
What kinds of transactions are governed by the 1933 Securities Act?An act to prevent fraud in the sale of securities, to give complete and fair disclosure of the nature of securities sold in mail-order and international commerce, as well as for other objectives.
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the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. true false
the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the statement is True.
In order to improve the quality of life for both the present and future generations, sustainable marketing entails creating and advertising goods and services that cater to the demands of both consumers and business users. This chapter's goal is to provide students with a greater understanding of what sustainable marketing is and how it varies from conventional marketing. Sustainable marketing is more than just making efforts to appear more socially and ecologically concerned and telling customers about it. It has more depth and significance. An rising number of customers base their purchases in some manner on the social and environmental effects of the goods and services they choose as well as the businesses they work with.
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Can you Accenture client has implemented an enterprise platform and is looking for a tool that will help monitor?
Accenture client has implemented an enterprise platform and is looking for a tool that will help monitor the ongoing performance.
The enterprise another word for a for-profit business or company but it is most often associated with entrepreneurial ventures. The enterprise is a project or undertaking, especially a bold or complex one.
Accenture MyConcerto Platform Enterprise is the best technology which a client can use to monitor the ongoing performance of the platform.
The market value of firm is calculated as the sum of the market value of all outstanding securities which consists of common shares, preferred shares and debt.
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which of the following is a challenge of marketing through online social networks? results are hard to measure. users seldom have control over the online social networks. most existing networks are already controlled by major corporations and therefore do not favor competitors. it is difficult to get the approval of the online advisory board to post an ad in a social network. marketing via online social networks is expensive and time-consuming.
The example of challenge of marketing through online social networks is most existing networks are already controlled by major corporations and therefore do not favor competitors.
What is marketing?Marketingcan be described as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, as well as the society at large.
It should be noted that the Social media marketing which can be described as the digital marketing and e-marketing is the process of using of social media which can be described as the platforms on which users build social networks and share information and this can help[ the company's brand to be established and increase sales, and drive website traffic.
Therefore, option C is correct.
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a third-party net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)
A third-party net marketplace that connects many buyers and suppliers for spot purchasing is called an exchange.
What kinds of online markets are there?
When categorized by the target market, marketplaces can be divided into three primary groups: peer-to-peer (P2P), also known as customer-to-customer (C2C), business-to-business (B2B), and business-to-customer (B2C).
Exchanges: Independently owned, independent third-party online markets that can link thousands of providers and customers for on-the-spot purchases.
Therefore, Vertical markets for a single industry are offered by many exchanges.
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there are four considerations for channel alternatives that need to be determined: number of levels, intensity at each level, specific types of intermediaries, and the application of selection criteria to channel alternatives. which other questions about channel alternatives should be answered?
Channel alternatives should be answered to who will be in charge.
The intensity or flux of radiant energy is the energy transferred according to unit location, wherein the vicinity is measured at the aircraft perpendicular to the course of propagation of the energy.
within the SI machine, it has units' watts in line with square meters (W/m²) or kg⋅[tex]s^{-3}[/tex] in base units. depth is used most frequently with waves along with acoustic waves (sound) or electromagnetic waves along with mild or radio waves, in which case the common power transfer over one duration of the wave is used.
intensity can be carried out to other instances in which electricity is transferred. as an instance, one could calculate the intensity of the kinetic strength carried with the aid of drops of water from a lawn sprinkler.
Intensity can be observed by taking the strength density (electricity according to unit volume) at a point in space and multiplying it by means of the velocity at which the strength is transferring. The resulting vector has the gadgets of electricity divided through vicinity (i.e., surface strength density).
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What is real account and nominal account?
Real accounts begin the next fiscal year with their ending balances, as opposed to nominal accounts, which begin with zero balances. Real accounts are also known as permanent accounts, whereas nominal accounts are also known as temporary accounts.
The accounts listed on the income statement are known as nominal accounts. These accounts show income and expenses. Service income, sales revenue, salary expense, utility expense, supply expense, and interest expense are a few examples of temporary accounts. Actual accounts are contained in the balance sheet. Real accounts represent the assets, liabilities, shareholder equity, and capital. Among other things, real accounts include assets including cash, machinery, loans, banks, investments, real estate, and equity. Gains, losses, and expenses are tied to and associated with nominal accounts. Examples include a purchase account, sales account, salary account, commission account, etc. A nominal account produces profit or loss, which is then transferred to the capital account.
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Answer: Real accounts are the cumulative balance over time accounts. While Nominal accounts are accounts only affected within a period.
Explanation:
when the federal reserve board slashed interest rates and committed trillions of dollars to prevent the failure of major financial institutions, this was known as the .
The Fed has maintained interest rates low over the last decade while deploying billions of dollars in stimulus and expanding its regulatory control.
The Federal Reserve is America's most powerful economic organization. It is in charge of monetary policy and financial system regulation.It accomplishes this through controlling interest rates, affecting the quantity of money in the economy, and, in recent years, purchasing trillions of dollars in assets to support financial markets.The COVID-19 epidemic and the fallout from Russia's invasion of Ukraine have caused worrying inflation, prompting the Fed to boost interest rates dramatically in 2022.How has the Fed’s regulatory role evolved:Throughout the 1990s, the Fed's regulatory authority grew steadily. After a 1999 law permitted the merging of securities, insurance, and banking organizations, and enabled banks to mix retail and investment activities, the banking business in the United States transformed substantially. The Glass-Steagall Act of 1933 had previously divided these two roles. The revisions also made the Fed responsible for guaranteeing the stability of banks by implementing regulations such as minimum capital requirements, consumer protections, antitrust laws, and anti-money laundering policies.
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if output is less than full employment in the keynesian model, what is needed to restore full employment?
Changes in investment, government, or consumption expenditure can result in significantly larger changes in output and so help to restore full employment if output in the Keynesian model is below full employment.
Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, whether government, investment, or consumer spending, affect output. For instance, the output will rise if government expenditure rises while all other spending factors stay the same.
The major tenet of Keynesian economics is a short-run economic event like a recession is more likely to have aggregate demand as its main cause than aggregate supply. Second, in a downturn in the economy, unemployment may occur as a result of sticky wages and prices.
Keynes believed that full employment was impossible to achieve. According to Keynes' theory of economics, neither consumption nor investment can be increased by enough to hire more people. He advises the government to act accordingly to address the issue of unemployment as a result.
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the argument for an independent central bank is based upon the idea that: a. independence makes it easier for the bank to coordinate its monetary policy with the government's fiscal policies b. all of these c. independence from the political cycle allows the bank to focus on long term price stability d. independence and unaccountability allows a central bank to accumulate wealth and power
Option b is the correct answer since all the option is related to the argument for an independent central bank.
Absent political intervention, central banks are independent. This independence may include a number of complimentary and cumulative elements, including institutional independence from the executive branch and/or the legislature, operational and functional independence, and personal independence, without which other types of independence are impossible. In reality, however, the majority of political economists and social scientists define a "independent central bank" as one that is "both operationally and functionally independent from government" and has an inflation aim. For a complete generation, economists and the general public supported and accepted such central bank independence; nevertheless, over the past two to three years, it has come under fire and received unfavorable reviews.
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What does it mean for a manufacturer's warranty ?
manufacturer's warranty This is an assurance that the business stands behind its goods and will address any issues, frequently by way of repair, replacement, or refund. Major automotive components like the battery,
seat belts, or air conditioning system may be covered by your manufacturer warranty. A manufacturer's warranty covers particular items that the automaker guarantees. It normally expires after a set period of time or after you've driven a particular number of miles and is usually included in the price of the vehicle. A service contract, which is another name for an extended warranty, isn't a warranty as that term is defined by federal law. The cost of an extended warranty is added to the purchase price of your car and often excludes routine maintenance.
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a homeowner would like to operate a business in the home, but is in an area zoned for residential use only. what should the homeowner do?
The homeowner Seek a conditional use permit from the zoning board.
What is Conditional use permit?A zoning exemption known as a conditional use permit enables you to utilize your property in ways that are not permitted. It can serve as an alternative to rezoning requests and enable you to utilize your property in a distinctive manner in cases when rezoning is not an option.
Make sure you satisfy the requirements in the county where you own property before submitting an application for a CUP. For instance, Los Angeles County mandates conformity with the neighborhood's master plan. Additionally, if available, they evaluate for suitability, adequate access, and public services.
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What act set the requirements for tamper evident packaging for some over the counter products to avoid risk of contamination?
The federal anti-tempering act set the requirements for tamper evident packaging for some over the counter products to avoid risk of contamination.
The federal anti-tempering act, offense to maliciously cause or attempt to cause injury or injury to any business reputation by adulterating a food, drug, cosmetic or other product.
The Food and Drug Administration has the authority under the federal food, drug and cosmetic act to establish a uniform national requirement for tamper-evident packaging of OTC drug products
That will improve the security of OTC drug packaging and help assure the safety and effectiveness of OTC drug products.
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to pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.
The tax rate is subject to an increase each year to sufficiently fund OASDI programs. FICAS requires employers and employees to contribute 7.65% each.
What exactly is tax?A tax is a compulsory fee or financial charge imposed by a government on a person or an entity in order to raise money for public works projects that provide the greatest infrastructure and facilities. Afterward, several public expenditure projects are funded using the funds obtained.
How do taxes operate?Tax rates according to income are set by the IRS. Your tax bracket and the amount of your income that is subject to tax go up as your income does. People with extremely low salaries or no income do not pay any federal income taxes. You do not, however, take your tax bracket and apply that proportion to your whole income.
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Whose duty is it to ensure that policies are created to guide employees of an alcohol establishment?
The holders of ABC licenses make sure that policies are developed for staff members of alcoholic beverage establishments.
Policy is a deliberate set of guidelines designed to guide decisions and yield rational outcomes. An intention declaration that is put into action by a procedure or routine is called a policy. Usually, policies are adopted by a governance body within a corporation. Policy-making has advantages for both rational and irrational decision-making.
Policies employed in subjective decision-making usually assist senior management with decisions that must be made on the relative merits of a range of aspects and are therefore generally challenging to evaluate objectively. The work-life balance policy is an illustration of how such a rule might be applied. Laws, rules, guidelines, administrative processes, financial inducements, and voluntary activities are all examples of policies that are used by governments and other institutions. Resource allocation patterns frequently reflect political decisions.
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suppose the economy is in long-run equilibrium. in a short span of time, there is a large influx of skilled immigrants, a major new discovery of oil, and a major new technological advance in electricity production. in the short run, we would expect:______
With such a case where we find a large influx of immigrants and a major new discovery of oil, as well as technological advances in electricity production we would expect the price level to decrease and real GDP to move up in the long run equilibrium.
When prices have fully matched production costs and the economy is operating at its maximum capacity, a market is said to be in long-term equilibrium. Unemployment declines to its natural level in long-run equilibrium.
When this happens, an economy is operating at full capacity, and its actual GDP is equal to its potential GDP. In order to respond to long-term or permanent changes, firms must gradually modify their prices and wages (e.g., taxes, changes to health care costs, government spending).
Since aggregate supply and demand are always fluctuating, an economy's actual GDP frequently differs from its potential GDP. As a result, rather than always being equal to potential GDP, short-run equilibrium is more likely to fluctuate around it.
The output gap, which is the difference between the actual and potential GDP, causes short-run equilibrium to change to long-run as it narrows.
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if the government regulates the monopolist to produce the allocatively efficient quantity and provides a subsidy sufficient to maintain zero economic profits for the firm, what price would the government set and what level of output would the firm produce?
When the price equals the marginal cost, the production is at its most optimal level for allocation.
Efficiency, whether allocational or allocative, is the quality of a market where all products and services are efficiently divided among consumers in an economy.
It happens when parties can use the precise and easily accessible information represented in the market to decide how to employ their resources.
In a perfect market, a business is allocatively efficient when its price (P = MC) equals its marginal costs.
The level of production where marginal cost and marginal gain are as near to each other as feasible is known as allocation efficiency.
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