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4 years ago

In a free market, prices lead to an efficient allocation of resources. in other words, _____.

Business

1 answer:

yulyashka [42]4 years ago

5 0

Answer:

Resources are used in the most productive way, based on the needs of consumers and producers

Explanation:

As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. ... In a market, resources are allocated based on the demand/supply in which prices plays an signalling function as it allocates resources to the production of different types of goods.

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Pressure and heat are both necessary to create a weld<br><br> true <br> false

hoa [83]

True because heat breaks down the molecular structure and pressure reinforced the new contiguous configuration

5 0

4 years ago

At nick's bakery, the cost to make homemade chocolate cake is $3 per cake. as a result of selling three cakes, nick experiences

Kazeer [188]

Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.

Cost to make 1 cake= $3

FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake

SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50

ANSWER: He must be selling his cakes for $9.50.

Hope this helps! :)

3 0

3 years ago

About how many businesses of all kinds are there in the United States?

AURORKA [14]

Dont count me on this until someone seconds my answer but i think its about 50 million

8 0

3 years ago

Which of the following is a problem that arises in a health insurance market?

alexira [117]

Answer: The correct answer is "A disproportionate number of high-risk individuals are attracted to buy insurance.".

Explanation: A disproportionate number of high-risk individuals are attracted to buy insurance is a problem that arises in a health insurance market. Due to the greater risk, many insurers choose not to allow these individuals to hire these policies, and those that do offer these products do so with a higher premium than others.

7 0

3 years ago

Botox Facial Care had earnings after taxes of $350,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $72

tankabanditka [31]

Answer:

a. Compute earnings per share and the P/E ratio for 20X1.

EPS = $1.75 per stock

P/E ratio = 41.43

b. Compute earnings per share and the P/E ratio for 20X2.

EPS = $2.10 per stock

P/E ratio = 39.52

Explanation:

after taxes net income $350,000 in 20x1

200,000 outstanding common stocks

stock price $72.50

after taxes net income $420,000 in 20x2

200,000 outstanding common stocks

stock price $83.00

EPS = net income / outstanding stocks

20x1 = $350,000 / 200,000 = $1.75 per stock

20x2 = $420,000 / 200,000 = $2.10 per stock

P/E ratio = stock price / EPS

20x1 = $72.50 / $1.75 = 41.43

20x2 = $83.00 / $2.10 = 39.52

4 0

4 years ago