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3 years ago

The market mechanism:_______

Business

1 answer:

mafiozo [28]3 years ago

8 0

Answer:

d. Relies on prices and sales to communicate consumer wants to producers.

Explanation:

Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .

In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.

Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.

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Question 5 of 10

worty [1.4K]

I think the answer is D

4 0

3 years ago

Read 2 more answers

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu

Illusion [34]

Answer:

Hie, there is <em>no correct answer</em> from the Options provided.

The Net Profit Under absorption costing, for November would be $7,460.

This is can be calculated from reconciling the Variable Costing profit to Absorption Costing profit or Alternatively from Preparing Absorption costing statement as shown below:

<u>Absorption Costing Income Statement for November.</u>

Sales 765,000

Less Costs of Goods Sold

Opening Stock (8,650×14) 121,100

Add Cost of Manufacture (35,120×14) 491,600

Less Closing Stock (1270×14) (17,780) 594,920

Gross Profit 170,080

Less Expenses

Variable selling expense 127,500

Fixed Selling and administrative 35,120

Net Income / loss 7,460

4 0

4 years ago

What makes increased government spending an effective tool for increasing demand?

Ivenika [448]

Answer:

The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.

Explanation:

If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.

6 0

3 years ago

Which of the following is true of investors using options to manage risk? A. Investors can hedge against a price decline by buy

Virty [35]

Answer:

A. Investors can hedge against a price decline by buying a call option.

Explanation: Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment.

Buying a call option entitles the buyer of the option the right to purchase the underlying futures contract at the strike price any time before the contract expires. Most traders buy call options because they believe a commodity market is going to move higher and they want to profit from that move.

A call option is a contract the gives an investor the right, but not the obligation, to buy a certain amount of shares of a security at a specified price at a later time.

3 0

4 years ago

Bari Jay, a gown manufacturer, received an order for prom dresses from China. Her cost is $45 a gown. If her markup based on sel

Furkat [3]

Answer:

The answer is: The selling price is $76.05

Explanation:

To calculate the markup we can use the following formula:

Markup Percentage = Gross Profit / Unit Cost

where:

unit cost = $45
markup percentage = 69%
gross profit = selling price - unit cost

69% = gross profit / $45

69% x $45 = gross profit

$31.05 = gross profit

$31.05 = selling price - $45

selling price = $76.05

3 0

3 years ago