Answer
The answer and procedures of the exercise are attached in an excel screenshot.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
c) command economies are efficient in the distribution of goods and services but lack incentives.
Explanation:
Command economies are better than free economies in the sense that resources are directed in a particular way which is considered to most efficient and equitable way for people and economy . Free economies give rise to predatory tendencies among stakeholders which may not be most efficient way of generation of wealth.
But it suffers from the weakness of lack of incentive for future growth.
This is what is argued in favor of capitalism.
Answer:
Date Account Title Debit Credit
April Factory Overhead $16,720
Indirect materials $10,500
Wages payable $4,000
Utilities payable $ 500
Accumulated Depreciation $ 620
Small tools $ 370
Equipment rental $ 730
Answer:
The minimum wage has no effect in this market
Explanation:
market equilibrium wage for entry-level fast-food workers = $10 per hourminimum wage = $8 per hour
impact does the minimum wage have in this industry is
whatever the minimum wage will be, it will have no effect on this market. The condition when labor market is in equilibrium is when supply equals demand.
Hence, The minimum wage has no effect in this market.
Answer:
o think the answer is the discount rate