The allocative function of price is to: Select one: a. distribute scarce goods and services to those consumers who value them the most highly. b. ensure that firms in perfectly competitive markets earn an economic profit. c. direct resources away from markets that are overcrowded and toward markets that are underserved. d. provide subsidies to low-income families so they can purchase essential goods and services.

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: