All people paid the same amount in factor payments for the resources they provide because different resources have different value.
<h3>What makes each economic system different from one another?</h3>
Traditional systems are characterized by a concentration on the fundamentals of products, services, and labor, and they are shaped by customs and beliefs. While a market system is governed by forces of supply and demand, command systems are influenced by centralized authorities. Finally, mixed economies combine market and command systems.
The money that individuals receive in exchange for providing producing inputs like land, labor, or capital. Patriotism. the ardor that drives someone to serve their country; love of one's country.
<h3>Which economy is better for society?</h3>
The reason capitalism is the best economic system is that it offers everybody in society a variety of advantages and chances. A few of these advantages involve fostering riches and innovation, enhancing people's quality of life, and empowering the populace.
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Answer:
$50
Explanation:
Marginal costs refer to the additional expense incurred in the manufacturing of one more unit of a product. It is the incremental cost associated with producing an extra unit of a good.
The formula for calculating marginal cost is,
MC = change in cost/ Change in quantity
in this case:
MC = $1550 - $ 1500
26-25
MC = $50/1
Marginal costs= $50
<span>Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called: </span>Cumulative preferred stock
In cumulative preferred stocks, the amount of dividend usually given on a fixed-rate annually. But, it shall always be set aside before calculating the dividend for the common stock and the amount will be accrued for the next period if the dividend is not paid on current period.
Answer:
Kokomochi
The incremental earnings associated with the advertising campaign in its first year is:
= $0.3 million.
Explanation:
a) Data and Calculations:
Advertising campaign cost = $5.5 million
Mini Mochi Other Products Total
Much
Incremental sales revenue $8.2 million 1.8 million $10 million
Incremental cost of goods sold 5.2 million 1.4 million 6.6 million
Incremental gross profit $3.0 million 0.4 million 3.4 million
Advertising cost 3.1 million
Incremental earnings associated with the advertising campaign = $0.3 million
Advertising cost apportioned to:
This year = $8.2/$14.4 * $5.5 million = $3.1 million
Next year = $6.2/$14.4 * $5.5 million = $2.4 million
