ABC Company produces Product X, Product Y, and Product Z. All three products require processing on specialized finishing machines. The capacity of these machines is 2,070 hours per month. ABC Company wants to determine the product mix that should be achieved to meet the high demand for each product and provide the maximum profit. Following is information about each product: Product Y $ 118 Product X Product Z $ 150 $ 38 Selling price Variable costs 102 58 27 3 hours 3 hours 1 hour Machine time per unit Monthly demand (units) 430 260 755 Required: Determine how the 2,070 hours of machine time should be allocated to the three products to provide the most profitable product mix. (Do not round intermediate calculations. Enter zero if no hours are needed.) Allocated Machine Time Product X hours Product Y hours Product Z hours

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.