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Arisa [49]
3 years ago
15

He idea of supply and demand is based on the development of

Business
1 answer:
shepuryov [24]3 years ago
7 0

Answer:

In 1890, Alfred Marshall's Principles of Economics developed a supply-and-demand curve that is still used to demonstrate the point at which the market is in equilibrium. ... The prices of some goods can increase without reducing demand, which means their prices are inelastic.

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Unit 1 Quiz Submit 6 A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market
Lesechka [4]

Answer:

A. It creates extreme divisions between the wealthy and the poor

Explanation:

The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.  

The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any

6 0
3 years ago
he supplies account had a balance of $4,400 at the beginning of the year and was debited during the year for $2,400, representin
nexus9112 [7]

Answer:

$6,400

Explanation:

Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.

Supplies account is an asset account and has normal balance as debit balance. It increases with the purchase and decreases with the use of supplies.

Given:

Supplies (beginning) = $4,400

Purchased (supplies) = $2,400

Supplies (ending) = $400

Let supplies expense be x.

Now,

Supplies (ending) = Supplies (beginning) + Purchased (supplies) - Supplies expense

$400 = $4,400 + $2,400 - x

$400 = $6,800 - x

x = $6,800 - $400

Supplies expense = x = $6,400

6 0
2 years ago
Consider a single-server queuing system. If the arrival rate is 82 units per hour, and each customer takes 36 seconds on average
Tanzania [10]

Answer:

The average # of customers in the line is 4.

Explanation:

arrival rate, x = 82/3600

                      = 0.023

service rate, y = 1/36

                        = 0.028

utilisation, p = x/y

                    = 0.023/0.028

                    = 0.821

average number of costomers = p^2/[1 - p]

                                                   = (0.821)^2/[1 - 0.821]

                                                   = 3.75

Therefore, The average # of customers in the line is 4.

6 0
3 years ago
Is a form of unemployment that involves layoffs during recessions?
alukav5142 [94]
Unemployment is the art of being jobless. Unemployment rate is the number of people unemployed as a percentage of labor force  where the labor force include those unemployed plus those in paid or self employment. There are several types of unemployment including, seasonal , cyclical, structural and frictional unemployment among others. In this case, cyclical employment involves layoffs during recessions.
6 0
3 years ago
Three major transportation segments and a major company within each segment are as follows:
Irina18 [472]

Answer:

Segment Company Motor

a) The asset turnover ratios for all three companies. Round to two decimal places are:

YRC Worldwide ___4.76_____

Union Pacific ___0.46____

C.H. Robinson Worldwide __12.34____

b) Based on the Asset Turnover Ratio computed above, Transportation Arrangement is the most efficient.  It outperformed YRC Worldwide and Union Pacific Corporation in deploying assets to generate revenue.  The performance of Union Pacific Corporation in comparison is very abysmal.

Explanation:

a) Data and Calculations:

                              YRC Worldwide   Railroads Union         Transportation    

                                 Inc. (YRCW)    Pacific Corporation    Arrangement C.H.

                                                                  (UNP)

Sales                              $4,832                $21,813                      $13,470

Average long-term

operating assets             1,016                47,569                           1,092

Asset turnover = Sales/Average operating assets

=                                        4.76                  0.46                            12.34

5 0
2 years ago
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