<h3>Question:</h3>
List 3 characteristics of a mixed economy system.
Answer:
♦A mixed economy has three of the following characteristics of a market economy.
<h3> </h3><h3>♦First, it protects private property. </h3><h3>♦Second, it allows the free market and the laws of supply and demand to determine prices. </h3><h3>♦Third, it is driven by the motivation of the self-interest of individuals.</h3>
Explanation:
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Answer and Explanation:
The journal entry is shown below:
Truck A/c Dr $4,500
To Cash A/c $4,500
(Being the truck is replaced for cash)
Here the truck is debited as it increased the assets and credited the cash as it decreased the assets
Answer: Option (B) is correct.
Explanation:
The following events are mostly likely to occur:
(1) New firms will enter the market.
(3) In the long run, all firms will be producing at their efficient scale.
If in a perfectly competitive market, firms observing that there is an increase in the demand for the goods, as a result this will increase the price of the goods in the short run.
But, there are some new firms enter into the market. This will shift the supply curve rightwards as a result there is a reduction in the price level in the long run.
Hence, all the firms are producing at a efficient level of production in the long run.
Answer:
A correlation of 0.654 means that 65.4% of the difference in number of trash being collected can be explained by the differences in the number of volunteers
Explanation:
Answer:
Beta distribution
Explanation:
Beta distribution In probability theory
is regarded as a part of continuous probability distributions with a defined interval which could be 0 and 1, and it is characterized with two positive parameters (α and β) which is seen as
as exponents of the random variable .
It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management