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g100num [7]
2 years ago
15

In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies

input availability is a constant concern. This is because.
Business
1 answer:
sattari [20]2 years ago
8 0

In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a command economy, the availability of inputs may not adequately meet consumer demand. It is always a concern as it is decided by a planner.

In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a planned economy, input potential may not adequately meet consumer demand. It is always a concern as it is determined by. The availability of inputs will be determined by the market that may not provide the appropriate inputs. In a market economy, input buyers know that consumers want a product.

In a market economy, input buyers know that sellers want to make a profit. There are four types of economies: traditional, command, market, and mixed (combination of market and command).

The market economy, also known as the free market economy or the free enterprise economy, is a system in which economic decisions such as the prices of goods and services are determined by demand and demand.

Learn more about Input Availability here: brainly.com/question/13171394

#SPJ4

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Mayfield Company sells two products, Blue models and Plaid models. Blue models sell for $43 per unit with variable costs of $30
alekssr [168]

Answer:

Break-even point in total units=  951.7units

Explanation:

<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.

It is calculated using this formula:

<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>

                                                          <em>  Blue                          Plaid</em>

Contribution per unit                43-30 = 13                   52-45 = 7

<em>Average contribution per unit </em>

= ( (13× 4) + (7×5) )/9

= $ 9.66 per unit

<em>Break-even point in total units</em>

= $9200/$ 9.66

= 951.7units

Break-even point in total units= 951.7units

           

6 0
3 years ago
Equilibrium price is $10 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 233 units of output. At
Anika [276]

Answer:

Continue operating; $699

Explanation:

The equilibrium price is $10.

MR = MC at 233 units of output.

At this output level, ATC is $12, and AVC is $9.

The AFC or average fixed cost

= ATC - AVC

= $12 - $9

= $3

The total fixed cost

= AFC\ \times Q

= \$ 3\ \times\ 233

= $699

The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.

4 0
3 years ago
Which liquidity ratio is considered to be the most stringent because it eliminates inventory in its measurement
balu736 [363]

Acid test or quick ratio is the liquidity ratio that is most stringent because it

eliminates inventory in its measurement.

Acid test ratio can be calculated by:

<u>Current assets - inventory</u>

current liabilities

Acid test ratio eliminates the inventory which is the least liquid asset from

current assets. This ratio help companies determine how fast it can convert

its assets into cash in order to take care of its liabilities.

Read more about Acid test ratio on brainly.com/question/25814739

5 0
2 years ago
If Norben Company issues 4,000 shares of $5 par value common stock for $140,000, the accounta. Common Stock will be credited for
Ulleksa [173]

Answer:

Paid-in Capital in Excess of Par Value will be credited for $120,000.

Explanation:

The journal entry for the issue of shares is shown below:

Cash A/c Dr $140,000

   To common stock  (4,000 shares × $5) = $20,000

   To Paid-in Capital in Excess of Par Value  $120,000

(Being issue of shares recorded)

So, the cash account is debited whereas the common stock and paid-in capital should be credited

And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value

6 0
3 years ago
A group of friends are creating a new mobile paper shredding company that will go to businesses or organizations to shred their
frez [133]

Answer:

The correct answer is letter "B": LLC.

Explanation:

A Limited Liability Company (LLC) is a type of business organization where the owners do not share unlimited liability. This scenario implies that the owners are responsible for the liabilities of the entity according to their contribution. LLCs as considered individual firms with an individual tax identification number, bank account, and name.

3 0
3 years ago
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