Answer:
It helps giving you the ability to choose what you think is best for your business
Explanation:
Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).
What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.
Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?
That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.
Answer: 200 units
Explanation:
Beginning inventory 80 units.
Company Purchases <u>480 units</u>
Total 560 units
Sales <u>(360 units)</u>
Ending Inventory 200 units
200 units remain in Ending inventory.
Central Banks, Retail Banks, Commercial Banks, Shadow Banks, Investment Banks, Cooperative Banks, Credit Unions.
Inside.
If the economy is inefficient, its actual output combination will lie inside the production possibilities curve. This curve represents the opportunities for production in a given economy with the most efficiency being gained by producing along the curve. Any points within or inside the curve are considered inefficient, whereas points outside the curve are considered unavailable or inaccessible without changes in technology or innovation.
Answer:
The indifference point is 8,000 rooms.
Explanation:
Giving the following information:
Tim’s cost to clean a room is $13.50. The Duffy’s Maid Service quote is $18.50 per room plus a fixed cost of $25,000 for sundry items such as uniforms with the motel’s name Tims annual fixed cost for space, equipment and supplies is $65,000
Tim= 65,000 + 13.50*x
Duffy= 25,000 + 18.5*x
65,000 + 13.5x= 25,000 + 18.5x
40,000=5x
8,000 = x
The indifference point is 8,000 rooms.
In days= 8,000/50= 160 days
