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2 years ago

In a market economy the three basic economic question are most often answered by which two groups?

1 answer:

8 0

The three basic economic questions include the following: "What to produce?" "How to produce?" and "For whom to produce?" There are also three types of economic system as classified by economists and one of them is the market economy. In a market economy, the three basic economic questions are most often answered by the consumers. Hope this helps.

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Economic efficiency in a competitive market is achieved when:_________.

Vsevolod [243]

Answer:

D.) producer surplus equals the total amount firms receive from consumers minus the cost of production

3 0

2 years ago

On January 1, 2019, Park Company accepted a $36,000, non-interest-bearing, 3-year note from a major customer in exchange for use

Darya [45]

Answer:

$28,560

Explanation:

Calculation for the carrying value of the note receivable on Park’s December 31, 2019, balance sheet

Using this formula

Carrying value of note receivable =Present value of the note +(Imputed interest rate ×Present value of the note )

Let plug in the formula

Carrying value of note receivable=$25,500+(12%×$25,500)

Carrying value of note receivable=$25,500+$3,060

Carrying value of note receivable=$28,560

Therefore the carrying value of the note receivable on Park’s December 31, 2019, balance sheet will be $28,560

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3 years ago

Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 28,500 $ 36

Serjik [45]

Answer:

Check the explanation

Explanation:

The raw material that was used during the month is calculated by adding beginning inventory with purchases and deducting the ending inventory from it.

Here from the below equation, only the purchase are not given, so we put the figures in the formulas and get the amount of purchases.

The beginning and ending balance are also given only purchases are rising, which can be calculated as given above.

Kindly check the workings in the attached image below.

3 0

2 years ago

Read 2 more answers

When positive externalities exist in the consumption of a good, the marginal social benefit: Multiple Choice could be either gre

user100 [1]

Answer: equals the marginal benefit received by consumers of the good plus the marginal benefit to third parties.

Explanation:

An Externality refers to the effect that a third party to a transaction receives even though they were not party to the transaction. When this effect is positive, the effect will be a benefit.

The Marginal social benefit refers to all benefits received from a positive externality which means that this includes the marginal benefits provided to consumers of the good as well as the marginal benefit to third parties.

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2 years ago

PhishCo runs a number of farms in the arid province of Nufa, depending largely on the irrigation. Now, as a part of a plan to ef

Marrrta [24]

Answer: In this case,from the given comprehension we are required to improve the efficiency of PhishCo's farms. Since, we are given that PhishCo runs a number of farms depending largely on the irrigation.

Also in order to increase efficiency and production, it plans to drill down to an aquifer containing warm, slightly salty water that will be used to raise fish in ponds. Further using this water to irrigate vegetable fields.

Therefore, from the given options, it can be clearly stated that Organic waste from fish in the pond water will help to fertilize fields where it is used for irrigation, thus increasing the overall efficiency.

i.e. Option (c) most strongly suggest that the plan, if implemented, would increase the overall efficiency of PhishCo's farms

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2 years ago