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Author Question: A perfectly competitive industry achieves allocative efficiency in the long run. What does ... (Read 73 times)

Charlie

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on: Jun 29, 2018
A perfectly competitive industry achieves allocative efficiency in the long run. What does allocative efficiency mean?
 
  A) Firms use an input combination that minimizes cost and maximizes output.
  B) Each firm produces up to the point where all scale economies are exhausted.
  C) Each firm produces up to the point where the price of the good equals the marginal cost of producing the last unit.
  D) Production occurs at the lowest average total cost.

Question 2

The Fed seeks to promote stability of financial markets because
 
  A) resources are lost when there is not an efficient matching of savers and borrowers.
  B) they want to lift the self-esteem of workers.
  C) unstable markets result in increased efficiency.
  D) Congress directed them to do so by the Employment Act of 1946.
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ASDFGJLO

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Charlie

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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