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1 year ago

Buyers and sellers negotiate prices for goods and services through supply and demand in a(n) ________ economy.

1 answer:

7 0

Buyers and sellers negotiate prices for goods and services through supply and demand in a market economy, as well as as the quantities of those goods.

<h3>What is market economy?</h3>

The economic system known as market economy relies on the law of supply and demand, which states that, when the price of a product is raised, its supply increases but the demand decreases. On the other hand, if the price is lowered, the supply decreases while the demand increases.

In other words, buyers and sellers are constantly negotiating prices in a market economy, even if it is indirectly. Think about a product you buy often, such as milk. If the price is raised, you and many others may end up not buying milk for a while. Precisely because you stop buying milk, the producer will eventually lower the price, so you start buying milk again.

With the information above in mind, we can conclude that the correct answer for this question is market economy.

Learn more about market economy here:

brainly.com/question/11471834

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Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
$A = P(1+r*t)$

Solving:
$A = P(1+r*t)$
$A = 4000(1+0.06*2)$
$A = 4000(1+0.12)$
$A = 4000*1.12$
$\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark$

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3 years ago

Your immediate supervisor is a nice person. He helps you solve your problems and gives valuable advice. You admire your supervis

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Answer:

(E)

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3 years ago

Lunchco Inc. produces picnic tables in a two-step process. Pretreated wood is cut in the Cutting Department and then the lumber

babunello [35]

Answer: company’s direct labor budget = $320000

Explanation:

Given that,

Standard hourly labor rate in the Cutting Department = $12

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Standard hourly rate in the Assembly Department = $10

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Cutting Department = production budget × direct labor time × Standard hourly labor rate

= 20000 × 0.5 hours/unit × $12/unit

= $120000

Assembly Department = production budget × Tables take one hour to assemble × Standard hourly labor rate

= 20000 × 1 hour/unit × $10/unit

= $200000

Therefore,

company’s direct labor budget = Assembly Department + Cutting Department

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= $320000

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2 years ago

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3 years ago

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?

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The gross profit is more inportant than the net profit

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