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Alborosie
3 years ago
15

Public choice theory suggests that politicians will be most likely to favor redistribution of income from the rich to the poor.

unorganized taxpayers to well-organized interest groups. well-organized business groups to consumers. none of the above.
Business
2 answers:
Gwar [14]3 years ago
7 0

Answer:

well-organized business groups to consumers.

Explanation:

The Public Choice theory  was developed in the 1960s in the Chicago School of Economists and it basically critiqued the public bureaucratic model. Public administration is inefficient and ever growing, and it leaves citizens with no other choice than to accept the services that they offer (monopoly of the state).

It calls for larger participation of private firms and organizations in providing public choices (alternative services). Since bureaucracy is not subject to market forces, it becomes inefficient and unresponsive, even though the motivation of public servants should be to maximize society's well-being.

One of its main proposals was to advocate for private players to supply public goods in order to break state monopolies.  

Murrr4er [49]3 years ago
4 0

Answer:

The correct answer is unorganized taxpayers to well-organized interest groups.

Explanation:

Public choice theory seeks to study the problems of political science applied to economics. A positive public election means that the decisions of politicians face the needs of civil society. In the case of the example, it is easy to determine towards whom the work of people in political positions should be oriented, and it is by definition to unorganized communities with some type of unsatisfied basic need.

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What is the significance of price elasticity of demand to a producer​
Bumek [7]

Answer:

See the explanation below

Explanation:

Significance of price elasticity of producers:

  • useful in pricing decisions
  • when demand is elastic, firms have to reduce their price to earn more revenue
  • when demand is inelastic firms need to raise prices to earn more revenue
5 0
3 years ago
Quentin's 2014 net income was $5,000. no dividends were declared or paid during 2014. what was quentin's retained earnings balan
lions [1.4K]

$39,000  was Quentin's retained earnings balance on December 31, 2013.

Retained Earnings in the Beginning (December 31, 2013) =

2014 Retained Earnings - Net income =44,000-5,000 =39,000(Answer)

current Ratio = Current Assets / Current Liabilites =90,000 /72,000= 1.25

Calculating the outstanding balance is very simple. Simply divide the company's current assets by its current liabilities. Current Ratios are assets that can be converted into cash within one year, and current liabilities are liabilities expected to be repaid within one year.

current Ratio relate to the company's financial obligations to be paid within one year. A higher liquidity ratio is clearly advantageous for business. A good cash ratio is between 1.2 and 2. This means that the company has liquid assets twice as much as its liabilities to cover its liabilities.

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3 0
2 years ago
Holtzman Clothiers's stock currently sells for $40.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). The
VladimirAG [237]

Answer: See explanation

Explanation:

a. What stock price is expected 1 year from now?

This will be calculated as:

= P0 × (1 + g)

where,

P0 = $40

g = growth rate = 7%

= P0 × (1 + g)

= 40 × (1 + 7%)

= 40 × (1 + 0.07)

= 40 × 1.07

= $42.80

b. What is the required rate of return?

This will be:

= (D1 / P0) + g

where D1 = D0 × (1+g) = 1.75 × (1+0.07) = 1.75 × 1.07 = 1.8725

= (D1 / P0) + g

= (1.8725 / 40) + 0.07

= 0.1168

= 11.68%

5 0
3 years ago
Assembling project team and assigning their responsibilities are done during which phase of a project management?.
Finger [1]

Assembling a project team and assigning their responsibilities are done during the project initiation phase of project management.

Project management is an important part of achieving an objective, and is relevant in all spheres, from businesses, to social work, to sports, and education. Projects have a definite time frame for completion and therefore a lifecycle. There are distinct phases in executing a project.

The first phase is the project initiation phase. Here, decisions on the need and significance of the project are taken. Feasibility, viability, and practicality are important. The project charter is drawn up, targets are set, and responsibilities are allocated.

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3 0
2 years ago
A. The Grey Manufacturing Company has two service departments: Maintenance and Accounting. The Maintenance Department's costs of
Debora [2.8K]

Answer:

due to the limitation of brainly text document kindly check the attached images below to see the proper and organized accounting table containing the answer to the question

Explanation:

Allocation of service costs - Accounting

Particulars       Calculation   Maintenance  Dept A  Dept B  Total

Number of

employees           Given               2                 8           4            14

Cost to                                                                                           be allocated   $120,000 x 2/14  $17,142.86    

               $120,000 x 8/14              $68,571.43  

               $120,000 x 4/14                              $ 34,285.71$                

                                                                                     1,20,000.00

Allocation of service costs - Maintenance

Particulars  Calculation   Dept A  Dept B  Total

Machine hours  Given   2300  200  2500

Cost to be allocated  $317,142x 2300/2500   $ 2,91,771.43  

$317,142x 200/2500    $ 25,371.43  $ 3,17,142.86

Particulars  Maintenance  Accounting  Department A  Department B

Department cost before allocation  $   3,00,000.00  $   1,20,000.00  $   3,00,000.00  $ 5,00,000.00

Allocation:    

Accounting Department  $       17,142.86  $ -1,20,000.00  $      68,571.43  $      34,285.71

Balance  $   3,17,142.86  $                      -    $   3,68,571.43  $ 5,34,285.71

Maintenance Department  $ -3,17,142.86   $   2,91,771.43  $      25,371.43

Total Costs after allocation  $                      -     $   6,60,342.86  $ 5,59,657.14

B. The joint cost to be allocated to product X will be in the proportion of Net realizable value at the point of split off. Further total joint costs should be reduced by the revenue from by product Z.

4 0
3 years ago
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