All categories

2 years ago

In a planned economy, prices of commodities are controlled by _________.

Business

1 answer:

AnnZ [28]2 years ago

5 0

<h3>Answer:</h3>

C. The government

<h3>Explanation:</h3>

Vocabulary

First, it is important to define the key terms in the question and answers.

Planned Economy- A planned economy is an economy where the investments and capital are allocated by the government.
Commodities - Commodities are economic goods that have real value due to their real-life usefulness (like lumber) or rarity (like gold).

How Planned Economies Work

As its name suggests, a planned economy plans the economy out and the price of goods within the markets. These plans are created by the government. This means that private businesses, consumers, and supply/demand do not control prices. Only the government can do that because the government has full control of planned economies. This is the reason that planned economies are also called command economies because the economy is commanded by the government.

You might be interested in

What is the Best way to conduct a survey?

VladimirAG [237]

One good way is to do an online survey so you get the results intantly. the downside of online is that not every one knows that there is a survey. Hard copy surveys are also good, but the tend to get lost and cluttered. oh yeah, the more people take the survey, the more accurate it should be

5 0

3 years ago

Read 2 more answers

Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa

Radda [10]

Answer:

$1170839.28 dyn/cm^2$

16.9816 psia

$117.083928 kN/m^2$

Explanation:

To calculate the absolute pressure in the bottom of tube we need to sum the atmosferic and gauge pressure.

$P_{abs}=P_{atm}+P_G$

And the gauge pressure is given by the contributions of columns of water ( $P_{w}$ ) and mercury( $P_{Hg}$ ), we can calculate the contribution of each column as:

$P= \rho g h$ (*)

where $\rho$ is the respective density, g gravity and h is height.

So we have all the data required to use the above equations ( $P_{atm}$ , height and density of each column) we only need to be carefully with the units.

For simplicity we can to express all pressure contributions in mmHg ( $P_{atm}$ , $P_{w}$ and $P_{Hg}$ ). Note that the units "x" mmHg means the pressure at the bottom of a column of mercury of "x" mm high. For example, in this case we have a column 12.1 cm of Hg, that is a column of 121 mmHg (passing from cm to mm only requires multiply by 10) pressure exerted by that column is 121 mmHg.

Now pressure of 5.6 cm (56 mm) of water would be 56 mm of water, but it is not the same that mmHg, since the density of water is lower, the pressure exerted by 1 mm of water is lower than the exerted by 1 mm of Hg. The conversion between mmHg and mm of water is given by the relation between the densities.

$mmHg=\frac{\rho_w*mmH_2O}{\rho_{Hg}}$

$mmHg=\frac{0.998*mmH_2O}{13.55}=0.0737 mmH_2O$

And pressure of water in mmHg is

$0.0737*56=4.1246 mmHg$

The absolute pressure is:

$P_{abs}=P_{atm}+P_G= 756 + 121 + 4.1246 = 881.1246 mmHg = 88.11246cmHg$

To pass to dyn/cm^2 units we need to use the equation (*)

$P= \rho g h = 13.55 \frac{g}{cm^3} * 980.665 \frac{cm}{s^2} * 88.11246 cmHg = 1170839.28 \frac{g}{cm s^2} = 1170839.28 \frac{dyn}{cm^2}$

Note: We need to use cm Hg for units coherence

Now passing from dyn/ $cm^2$ to kN/ $m^2$ (or kPa) we need to consider that 1 dyn is $10^{-8}$ kN and 1 $cm^2$ is $10^{-4} m^2$ .

$1170839.28 \frac{dyn}{cm^2} * \frac{10^{-8}kN}{1 dyn}*\frac{cm^2}{10^{-4}m^2}=117.083928kN/m^2$

Now passing kN/ $m^2$ to psia. We need to consider that 1 psia is 6.89476.

$117.083928kN/m^2*\frac{1psia}{6.89476kN/m^2}=16.9816 psia$

8 0

3 years ago

The histogram below represents the number of television sets per household for a sample of u.s. households. what is the minimum

ladessa [460]

Answer: 5 Households

Explanation:

The y-axis shows the number of households using a certain number of TV sets while the x-axis shows the number of TV sets that households own.

There are only 5 households that own 5 televisions sets. This is the lowest number of households that own the same number of television sets and this makes sense because owning 5 television sets in a single household is not something that is usually seen.

3 0

3 years ago

Trail Running Company has started to produce running apparel in addition to the trail running shoes that they have manufactured

Tamiku [17]

Answer:

Explanation:

Machining Department Finishing Department Estimated Manufacturing Overhead by Department $800,000 $200,000

Trail Running Shoes 360,000 machine hours 6,000 direct labor hours Running Apparel 40,000 machine hours 34,000 direct labor hours

Manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department.

At the end of the year, the following information was gathered related to the production of the trail running shoes and running apparel:

Machining Department Finishing Department Trail Running Shoes 362,000 hours 5,500 hours

Running Apparel 37,000 hours 35,000 hours

How much manufacturing overhead will be allocated to running apparel?

For The Overhead Absorption Rate for Machining Department

Trail Running Shoes = (360,000/360,000+40,000)* $800,000 = $720,000

Running Apparel = (40,000/360,000+40,000)* $800,000 = $80,000

For The Overhead Absorption Rate for Finishing Department

Trail Running Shoes = (6,000/6,000+34,000)* $200,000 = $30,000

Running Apparel = (34,000/6,000+34,000)* $200,000 = $170,000

Therefore the running department would have been allocated ($80,000+$170,000) which is $250,000 during the period.

8 0

3 years ago

Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: 2019 2018 Sales $513,500 $480,0

madam [21]

Answer:

The answer is

For 2018 - 1.5

For 2019 - 1.3

Explanation:

Asset turnover ratio=Net sales/average total assets

For 2018:

Sales - $480,000

Beginning asset - 360,000

Ending asset -360,000

Average total asset:

($280,000 + $360,000)/2

=$320,000

Therefore, asset turnover for 2018 is:

$480,000/$320,000

=1.5

For 2019:

Sales - $513,500

Beginning asset - $360,000

Ending asset - $430,000

Average total asset:

($360,000 + $430,000)/2

=$395,000

Therefore, asset turnover for 2019 is:

$513,500/$395,000

=1.3

5 0

3 years ago