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When is equilibrium achieved?

In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.


What Business costs that remain stable regardless of the production level achieved are called?

Fixed Costs


WHAT IS DIFFERENCE BETWEEN Buyer I and Buyer II?

The difference between Buyer I and Buyer II typically lies in their level of experience, responsibilities, and decision-making authority within procurement or purchasing roles. Buyer I is often an entry-level position focusing on routine purchasing tasks and assisting senior buyers, while Buyer II usually entails more complex purchasing responsibilities, including strategic sourcing, vendor negotiations, and managing larger budgets. Buyer II may also require a higher level of expertise and experience in procurement processes.


What is an example of Hicksian demand and how does it differ from other types of demand?

An example of Hicksian demand is when a consumer adjusts their purchasing choices in response to changes in prices, while keeping their level of satisfaction constant. This differs from other types of demand, such as Marshallian demand, which focuses on changes in purchasing choices based on changes in income and prices while maintaining the same level of utility.


What is the optimal point for maximizing efficiency in this process?

The optimal point for maximizing efficiency in this process is the point at which the highest level of output is achieved with the least amount of input or resources.

Related Questions

What is a built-in mechanism for stabilizing its fat level?

Dog doo.


What is your highest level of education achieved?

My highest level of education achieved is a Bachelor's degree.


What is your highest level of qualification achieved?

My highest level of qualification achieved is a Bachelor's degree.


How many users on WikiAnswers have achieved the Silver level?

over 1,000 users have achieved the silver level.


When is equilibrium achieved?

In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.


When is nirvana achieved?

when person reaches zero level of consciousness


What scientific inquiry level has the ivory billed woodpecker achieved?

Hypothesis


What are some examples of the highest level of education achieved by individuals in your organization?

Some examples of the highest level of education achieved by individuals in our organization include doctoral degrees, master's degrees, and professional certifications.


What is the entry level salary for purchasing in Ohio?

I say in the mid 30s


What is the maximum speed that can be achieved on a stationary bike?

The maximum speed that can be achieved on a stationary bike depends on the resistance level and the individual's strength and fitness level. Generally, it can range from 20-30 miles per hour.


What karate level is Alex Rider?

He is a first grade dan in other words he is a black belt. he achieved this level when he was 13


What is the highest contributor level achieved with only Community contributions?

KathyFloresKathyFlores has reached 14,426 Community Contributions, which is a Silver Level.