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scoray [572]
3 years ago
7

Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for

the forces at work in a command economy? Explain your answer.
Business
1 answer:
7nadin3 [17]3 years ago
5 0
In economics, the invisible hand<span> is a </span>metaphor used<span> by </span>Adam Smith<span> to describe ... Smith </span>may<span> have come up with the two meanings of the phrase from Richard Cantillon ... In this </span>work<span>, however, the idea of the </span>market<span> is not discussed, and the word ... In alternative models, </span>forces<span> which were nascent during Smith's life, such as ... and ....</span>
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Review your pre and post scores from "Where Are You Now." Did your scores improve? What activities did you complete that facilit
DIA [1.3K]

Answer:

what do you mean did our scores improve, if so, idk yet

3 0
3 years ago
LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of
Mamont248 [21]

Answer:

4.7

Explanation:

The computation of the degree of operating leverage is presented below:

= Contribution margin ÷ Net income

= $59,690 ÷ $12,700

= 4.7

where,

Contribution margin = Sales - Variable costs

And, the net income would be

= Sales - Variable costs - Fixed costs

The net income is also known as earning before interest and taxes

5 0
3 years ago
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega
Margaret [11]

Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000

The aggregate rent is $50,000,000.

8 0
3 years ago
Read 2 more answers
Fill in the missing letter. ar_ _er​
balu736 [363]
Archer

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4 0
2 years ago
Read 2 more answers
According to the human relations approach, employee commitment to an organization is gained by ______. Select one: 1. economic m
NemiM [27]

Answer:

"4"

Explanation:

Human relations approach to employees management believes that employees are not only motivated by financial incentives but other factors like praises , interpersonal relationship and delegation of roles and this in return , boost their commitment.

The managers are involved in active support of employees' growth and performance.

It underscores the importance interpersonal and social relationship in a work environment.

5 0
3 years ago
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