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3 years ago

Workers are responsible for the production of goods in a business,

Business

1 answer:

natka813 [3]3 years ago

4 0

Answer:

Karl Marx

Explanation:

Many people only remember Marx for his theories about extreme socialist governments that eventually led to communism in other parts of the world. But he actually did understand how capitalism worked, added value theories, the way capital ($) worked, and he believed that capitalism was a necessary stage in the development of society. As an economist he was brilliant, but then he turned into a sort of philosopher.

Problems started when he said that after capitalism had led to an unprecedented economic growth, then it would be time for the workers (proletariat) to take over and lead economic systems. This rule by the working class would eventually lead to a fair society where everyone would be able to prosper.

Marx's economic theories are utopian, they call for a nearly perfect world, but humans aren't perfect. If you like Star Trek, you should recall that the world runs just like Marx wanted to. The economy and living conditions are based solely on your work, that is why the world was able to unite under one single federation. But as much as I would really like to travel at warp speed, it is not possible, and I really doubt that Marx's ideas are possible either.

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Zara Inc., a well-known cosmetics manufacturer, introduced its anti-wrinkle cream in the Asian market after its sales in the Eur

notsponge [240]

Answer:

It is an attempt to extend product life cycle by finding new users.

Explanation:

Zara Inc., a well-known cosmetics manufacturer, introduced its anti-wrinkle cream in the Asian market after its sales in the European market leveled out due to stiff competition from rival products.

The company had to change its selling place because the competition in the European market was too much.

So the company was out looking for new users by introducing its products in the Asian market.

Hence the correct answer is it is an attempt to extend product life cycle by finding new users.

6 0

3 years ago

Which of the following choices is not evidence supporting the theory of plate tectonics?

Anna71 [15]

in the theory, they do not talk about this cave drawing lket alone caves, so let it be, my answer is B

3 0

3 years ago

If your firm is operating in the negatively sloped portion of a long-run average total cost curve, then your production exhibits

Zolol [24]

Answer: C. Decreasing returns to scale

Explanation: Economic of scale refer to a situation where as the level of output increases, the average cost will decrease. In the case of constant return to scale here the average cost will not change as the output increases.

In this question the firm is operating in the negative sloped portion of the long-run average total cost curve, which shows that it has a "Decreasing returns to scale " .

8 0

3 years ago

Trends have gradually changed the u.s. to a(n) _____ economy focused on making life easier for busy consumers.

Bogdan [553]

The answer to this question is: Service economy
In service economy, the product that provided by the companies tend not to have a physical form. Because in most cases the product took in a form of action. Examples of service companies are: Massage, psychologist, cleaning service, consultation, etc.

6 0

3 years ago

Read 2 more answers

Stock A has a beta of 0.7, whereas Stock B has a beta of 1.3. Portfolio P has 50% invested in both A and B. Which of the followi

lorasvet [3.4K]

Answer:

a. The required return on Portfolio P would increase by 1%

Explanation:

Assume that in the given question, the Market risk premium is 7% while the risk free return is 5%, then according to the Capital asset pricing model(CAPM), the expected return of stock A and B will be calculated as follows:

CAPM=Risk free return+Beta(Market risk premium)

Expected Return on stock A=5%+0.70*7%=9.9%

Expected Return on stock B=5%+1.30*7%=14.1%

Since the equal amount of 50% of portfolio P has been invested in the stock A and B, therefore, the return on the portfolio P shall be calculated as follows

Expected return on portfolio P=0.50*9.9%+0.50*14.1%=12%

If the market risk premium is increased by 1% i.e. from 7% to 8%, then the expected return of the Stock A and B shall be calculated as follows:

Expected Return on stock A=5%+0.70*8%=10.6%

Expected Return on stock B=5%+1.30*8%=15.4%

Expected return on portfolio P=0.50*10.6%+0.50*15.4%=13%

So the expected return on portfolio P has been increased by 1% i.e. from 12% to 13% when the market risk premium has been increased by 1%.

Based on the above calculations, the answer shall be a. The required return on Portfolio P would increase by 1%

4 0

3 years ago