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3 years ago

9

An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is cal

led a ________. command economy planned economy market economy closed economy

1 answer:

mihalych1998 [28]3 years ago

8 0

It is called a Command Economy.

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The benefits of belonging to professional organizations include the development of professional contacts and the opportunity to

ziro4ka [17]

Answer:

True

Explanation:

Belonging to a professional organizations provides opportunity to share knowledge and experience and learn from others. It also avails one opportunity to share contacts with other professionals who may be of help in securing business opportunities and resolving business issues .

7 0

3 years ago

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Can you identify the assumptions that we have made in order to create the production possibilities frontier model?

m_a_m_a [10]

The management is first assumed to desire to produce as much output as possible in order to maximize profit. Another supposition is that the company may improve output by employing more input and that higher output equates to more profits.

<h3>What are the production possibilities, frontier model?</h3>

The graph known as the Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use. The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity.

Frontier of Assumptions for Production PPF's first presumption is that the current technology setup or infrastructure will not change. The second presumption is that it only compares two goods or services that make use of the same resources.

Learn more about The Production Possibilities Frontier Model here:

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2 years ago

Bundles of cedar shakes produced and sold 360,000 Sales revenue $ 2,412,000 Variable manufacturing expense $ 1,170,000 Fixed man

konstantin123 [22]

Answer:

0.343

Explanation:

Calculation for what The company's contribution margin ratio is closest to

First step is to calculate the Contribution margin using this formula

Contribution margin = Sales – Variable expenses

Let plug in the formula

Contribution margin= $2,412,000 – ($1,170,000 + $414,000)

Contribution margin= $2,412,000 – $1,584,000

Contribution margin= $828,000

Now let calculate the Contribution margin ratio using this formula

Contribution margin ratio = Contribution margin ÷ Sales

Let plug in the formula

Contribution margin ratio = $828,000 ÷ $2,412,000

Contribution margin ratio =0.343

Therefore The company's contribution margin ratio is closest to 0.343

4 0

3 years ago

What are things you can do to manage the risks in your life to reduce any financial losses?

meriva

Spend carefully use discounts monitor your spending create list on how much you spend etc.

5 0

3 years ago

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Prestwich Corporation has two service departments and two operating departments. Costs of the Building and Grounds service depar

shepuryov [24]

Answer:

$20,880

Explanation:

Under the direct method we ignore services that are provided to the other service departments.

In order to allocate the building operation costs to Operating department A, we need to determine what percentage of the building space taken up by Operating departments is used by Operation Department A.

There is a total of 50000 square feet and Operating Department A occupies 60%(30000/50000 of that.

So Operating Department A will get 60% of the building costs

i.e., 60% × 34800 = 20,880

7 0

3 years ago