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2 years ago

What determines the price of land labor capital and entrepreneurship in a factor market?

Business

1 answer:

Finger [1]2 years ago

5 0

The price of land labor capital and entrepreneurship in a factor market determines supply and demand.

<h3>What is the relationship between supply and demand?</h3>

A basic tenet of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply. When demand is constant, there is an inverse relationship between supply and prices of products and services.

Rent is paid for the services given by land or other immovable assets, salaries are paid for the services of labor, interest is paid for the services of capital, and profit is for the component of payment to entrepreneurship.

The difference between the number of products and services that individuals can purchase and the quantity of those that they desire to purchase The law of supply and demand states that prices can be raised if less of a commodity is produced than the market will bear.

To learn more about supply and demand refer to:

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Bobby is part of the marketing team of a company that sells various Bluetooth devices. The target customers for this product bel

Shtirlitz [24]

Answer:

BUDGET

Explanation:

Since Bobby wants to set aside money for each of the advertising media based on its relative potential, the component of the advertising plan that would help Bobby allocate money to the different media according to the finances available is budget.

The budget component of the advertising plan is where all costs related to the advertising activity are laid out, stating when they are due and how they will be met

6 0

3 years ago

Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i

Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0

3 years ago

The following present value factors are provided for use in this problem.

DanielleElmas [232]

Answer:

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = $-42,000,

Cash flow in year 1 = $14,000

Cash flow in year 2 = $14,000

Cash flow in year 3 = $14,000

Cash flow in year 4 = $18,000

I = 11 %

NPV = $4,069.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

5 0

3 years ago

Define Industrial Capitalism?

Korolek [52]

Answer:

Industrial capitalism is a system both social and economic whereby industry and resources are owned by few for profit.

Explanation:

In order to understand the term industrial capitalism, the term capitalism must first be understood.

Capitalism is an economic and political system in which a country's trade and <u>industry are controlled by private owners</u> for profit, rather than by the state.

Hence, Any society is capitalist if the means of production that is tools and materials belongs to the employer and not the employees and the employees produce commodities belonging to their employer. Otherwise, it would be socialism.

Industrial capitalism is therefore a system, both social and economic whereby <u>industry and resources are owned by few</u> for profit.

3 0

4 years ago

Name 3 negative scenarios that could potentially damage your credit score

Flauer [41]

Parking Tickets
Medical Bills
Bank Overdrafts
Hope This Helps!
:D

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4 years ago