List the main differences between a free-market system, a command economy, and a mixed economy.

1 answer:

soldier1979 [14.2K]4 years ago

6 0

A command economy is no freedom to the people.
The mixed economy has public input and government input
A free-market system is to the public where they can freely change prices and products. It is free from government intrusion

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Assume that John and Jane each work 24 hours. What happens to total production if instead of each person spending 12 hours produ

Vesnalui [34]

Answer:

A. The total production of bread and wine rises

Explanation:

<u>Note: The question appeared incomplete as neither John's nor Jane's production efficiency is provided. A similar question has been attached for reference purpose upon which this answer is based</u>.

Jane takes 2hrs for making a bottle of wine while John takes 3 hours for preparing a bottle of wine. Hence Jane is more efficient in production of wine than John and if Jane devotes more hours to wine production, the production of wine shall rise.

Similarly, John is more efficient in production of bread as he takes 1 hour for producing a loaf of bread against Jane who takes longer i.e 1.5 hours. Thus, if John devotes more time in preparing bread, the production of bread shall rise.

Hence, the correct answer is (A). The total production of bread and wine each rises.

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3 years ago

Project A has cash flows of $4000, $3000,&0 and $3000 for years 1 to 4 and project B has cash flows $2000,$3000,2000,$3000 f

rosijanka [135]

Answer:

Project X has both a higher present and a higher future value than Project Y.

Explanation:

Hope this helps :)

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4 years ago

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for

ArbitrLikvidat [17]

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.

<h3>What is total revenue?</h3>

Total revenue is the total amount of money a seller can earn from offering clients goods or services.
The formula for this is PQ, or the purchase price times the quantity of the products sold.
A calculation or equation that describes how certain sources of revenue will behave on a graph.

The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.

Learn more about total revenue here:

brainly.com/question/13000391

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2 years ago

When a recession is caused by a negative AD shock, we would expect inflation to _______________ and unemployment to ____________

Ilya [14]

Answer:

The answer is fall and rise

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

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