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4 years ago

When marx argued that capitalism “reproduces the class structure,” he meant that?

1 answer:

6 0

If you are rich, you own the means to make more money. Your son will then take over from you, and the class structure will remain intact. Likewise, if you are poor, you can only afford to work in a factory, you cannot pay for a good education for your child, they'll end up working in a factory to survive. The class structure remains the same, each generation of rich people will exploit every generation of poor people. That was also why Marx thought the workers must unite and take control of the means of production, so that they would not be exploited.

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which composer refused to play facing the audience. a Robert Johnson b Charlie Parker c Duke Ellington d Scott Joplin

Nikitich [7]

D, Scott Joplin. Is the correct choice.

6 0

3 years ago

Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False a.

poizon [28]

Answer:

a. Curve MM is more elastic between points A and C than curve NN is between points A and D: TRUE

b. Between points A and B, curve LL is unit elastic: FALSE

c. Between points A and D, curve NN is inelastic: TRUE

Explanation:

Elasticity is the responsiveness of quantity demanded or quantity supplied to a change in the price. There are five categories of elasticities:

1. Perfectly elastic: Quantity changes even without a change in price. Curve is a horizontal line.

2. Elastic: Change in price is smaller than a change in quantity. Curve has a smoother slope.

3. Unit elastic: Change in price causes a proportionate change in quantity. Curve is a rectangular hyperbola.

4. Inelastic: Change in price causes a smaller change in quantity. Curve is a steep slope.

5. Perfectly inelastic: Change in price causes no change in quantity. Curve is a vertical line.

5 0

3 years ago

What is this form used for?

MissTica

That is a check

Its a way of payment

4 0

3 years ago

During 2018, TRC Corporation has the following inventory transactions.

Soloha48 [4]

Answer:

Results are below.

Explanation:

Giving the following information:

Jan. 1 Beginning inventory 48 $40 $1,920

Apr. 7 Purchase 128 42 5,376

Jul. 16 Purchase 198 45 8,910

Oct. 6 Purchase 108 46 4,968

For the entire year, the company sells 427 units of inventory for $58 each.

Ending inventory units= 482 - 427= 55

1)

Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units remaining in inventory.

Ending inventory= 55*46= $2,530

COGS= 48*40 + 128*42 + 198*45 + 53*46= $18,644

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,644= $6,122

2)

Under the LIFO (last-in, first-out) method, the ending inventory is calculated using the cost of the firsts units remaining in inventory.

Ending inventory= 48*40 + 7*42= $2,214

COGS= 108*46 + 198*45 + 121*42= $18,960

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,960= $5,806

3)

First, we need to calculate the weighted-average cost:

weighted-average cost= (40 + 42 + 45 + 46) / 4= $43.25

Ending inventory= 55*43.25= $2,378.75

COGS= 427*43.25= $18,467.75

Revenue= 427*58= $24,766

Gross profit= 24,766 - 18,467.75= $6,298.25

6 0

3 years ago

Professor Green teaches environmental economics at the local university. Students learn that the professor has also written book

Finger [1]

Answer: c. a microeconomist.

Explanation;

Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.

However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.

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3 years ago