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Dmitry_Shevchenko [17]
2 years ago
6

Adam smith believed that _____________ would lead to the production of items that consumers want.

Business
1 answer:
Eddi Din [679]2 years ago
4 0

Adam smith believed that consumer demand leads to the production of items that consumers want.

<h3>What is Consumer Demand?</h3>

A group's desire for a good or service based on availability is measured economically as "consumer demand." It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.

Thus, consumer demand leads to the production of items that consumers want. It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.

Learn more about Consumer Demand here:

brainly.com/question/11141289

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Doss [256]

Answer:

1.Raghu start the business with three things i. e cash, goods, furniture etc. Something that come in the business is debited. All these things are done by the properitor. Hence all these things are goes to Capital account. JOURNAL ENTRY WILL BE!!!! Cash a / c . Dr. 80,000 Purchase a / c . Dr. 40,000 Furniture a / c . Dr 20,000 ..To Capital a/c........... 1,40,000 (being started business with cash, goods and furniture.)

<h3>2.The answer will be Rs.1800 Explanation: 2000^ * 10\%=200 2000-200=1800</h3><h3>3.Answer will be $700</h3><h3>4.25000</h3><h3>5.<em><u>5</u></em><em><u>0</u></em><em><u>0</u></em><em><u>0</u></em><em><u> </u></em></h3>

<h2>please mark as brainliest</h2>
7 0
3 years ago
What are the two fundamental equality requirements of the double-entry accounting system?
AysviL [449]
Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit

6 0
3 years ago
Which phase defines gross domestic product (GDP)
OverLord2011 [107]
The answer is letter b. 
 GDP is the total monetary value of all the finished goods and services produced in a country in a given period. It is usually calculated in an annual basis, but can be calculated quarterly-basis.

7 0
3 years ago
Willy’s only source of wealth is his chocolate factory. He has the utility function p(cf)1/2 + (1 − p)(cnf)1/2,where p is the pr
den301095 [7]

Willy should buy(a) no insurance since the cost per dollar of insurance exceeds the probability of a flood

Explanation:

Willy's only source of wealth is his chocolate factory. He has the utility function  p(cf)1/2 + (1 − p)(cnf)1/2,, where p is the probability of a flood, 1 - p is the probability of no flood, and cf and in are his wealth contingent on a flood and on no flood, respectively. <u>The probability of a flood is p = 1/6. </u>The value of Willy's factory is $500,000 if there is no flood and $0 if there is a flood. Willy can buy insurance where if he buys $x worth of insurance, he must pay the insurance company $2x/17 whether there is a flood or not but he gets back $x from the company if there is a flood. Willy should buy

The answer for the above statement is option ( A.) no insurance since the cost per dollar of insurance exceeds the probability of a flood .

It is because the probability of flood as given in the question is  only 1/6, whereas the chances of no flood are 5/6. So that means that  he should not buy the insurance because the probability of the flood is comparatively less than the amount  Willy has to pay to the insurance company and  the  amount paid back to willy by the insurance company is $ x worth of insurance

4 0
3 years ago
A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, an
alexandr402 [8]

Answer:

The answer is False. Option B.

Explanation:

A decision tree refers to a graph which uses a branching method to illustrate every possible outcome linked to a particular decision. In other words, a decision tree is a diagram or flowchart that people use in determining a course of action or show a statistical probability where each branch of the decision tree is used to represent a possible decision, outcome, or reaction. The farthest branches on the tree are used to represent the end results.

A decision tree is used to create a plan in order to reach a goal.

In the scenario given above, the individuals, websites, and organizations cannot be referred to as the outcomes of decisions.

3 0
3 years ago
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