1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
d1i1m1o1n [39]
3 years ago
12

The allocative function of price cannot operate unless there is:

Business
1 answer:
Fiesta28 [93]3 years ago
7 0
The idea behind the allocative function of price is <span>to distribute scarce goods to those consumers who value them most highly. </span>
Allocative function is the role that prices play in directing resources away from overcrowded markets and towards markets that are underserved . <span>The allocative function of price cannot operate unless there is free entry and free exit. </span>
You might be interested in
If a term in a contract is ambiguous, the court will consider the parties'
Tpy6a [65]

Answer:

intent

Explanation:

8 0
2 years ago
Type the correct answer in the box. Spell all words correctly. Over the last decade, George’s company has been intentionally red
PtichkaEL [24]

George’s company is reacting to the <u>Market  economic system.</u>

Explanation:

  • In a <u> Market Economy system </u>the organizations are run by the people.People determine how the economy runs,how supply are generated and how demands are met.
  • <u>The Market Economy System </u> relies/depends upon the consumption choices of the customer.
  • Supply and demand of the product has a great impact on this economy
6 0
3 years ago
Suppose the store wants to earn a daily profit of $150 from the sale of soccer balls. to earn this profit, what price should the
Alex73 [517]

need to solve the equation 150=-6x2+100x-180.  you can subtract 150 from both sides and use the quadratic formula to find x=4.53 and 12.13. this means that if the store sells soccer balls for 4.53$ or 12.13$ it will earn a daily profit of 150$

4 0
3 years ago
Read 2 more answers
The relationship between the future value of a single sum and the corresponding present value of a single sum is determined by t
Schach [20]

Answer:

D

Explanation:

interest rate per compounding period​ ; number of compounding periods

5 0
3 years ago
Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by
Maru [420]

Dividends that were paid last year = $200

Retained earnings = $522

Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52

Interest expense= 624

Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52

Earnings before interest and tax (EBIT) = 1,788.52


3 0
3 years ago
Other questions:
  • Many people love Wal-Mart and Microsoft.  Many people hate these companies and accuse them of acting like monopolies.  What is w
    7·1 answer
  • Arkensland is a highly industrialized countr. Prices have been steadily increasing over the last few years and inflation reached
    12·1 answer
  • On January 1 of the current year, Anna and Jason form an equal partnership. Anna contributes $50,000 cash and a parcel of land (
    15·1 answer
  • If you could purchase IBM stock and simultaneously sell the stock for $5 more, you would be involved in one type of economic act
    9·1 answer
  • Price elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the
    10·1 answer
  • Commodity and derivative markets: ____________.a. are additional sources of financing for corporate projects. b. enable the fina
    6·1 answer
  • The law of demand states that:
    12·1 answer
  • A company begins operations in Year 1 and offers a one-year warranty on all products sold. Total appliance sales in Year 1 are $
    11·1 answer
  • How much money does a therapyst make an hour/ and how much would they make in a year
    7·2 answers
  • you are working with william bond, cpa, and you are considering the risk of material misstatement in planning the audit of toxic
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!