Answer:
d. create a more fair distribution of income
Explanation:
The market forces sometimes do not allocate resources efficiently, therefore, the government sometimes intervenes in order to promote efficiency and create a more fair distribution of income.
For example, if the price for which market forces allocate for a good is too low, the government can intervene by setting a price floor.
Also, if the price of a good is too high, government can enact a price ceiling.
This ensures that the income of both producers and consumers are more fairly distributed.
Also, if a monopoly is setting the price of its goods too high, the government can regulate the activities of the monopoly to create a more fair distribution of income.
I hope my answer helps you.
Answer:
opportunity costs = $175,000
Explanation:
Find:
Opportunity cost
Computation:
Opportunity cost = Implicit costs
Opportunity cost = Implicit costs = $100,000 + $75,000
Opportunity cost = $175,000
Answer:
I messaged you the asnwer.
Explanation:
If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.
<h3>What is a Contribution Margin?</h3>
The contribution margin can be expressed in gross income terms. After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.
The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.
This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.
Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.
Learn more about contribution margin here:
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