All categories

3 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?"<span> "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.</span>

You might be interested in

If 5 Swiss francs trade for $1, the U.S. price level equals $1 per good, and the Swiss price level equals 2 francs per good, the

nordsb [41]

Answer:

0.4 swiss good(s) per U.S good(s)

Explanation:

firstly we calculate how many dollars we get per Frank so we will say $1/ 5 Swiss Franks =$0.2 which is similar to (5x =1, solve for x =1/5 / 0.2 in simple maths )per Swiss Franc thereafter we calculate the how many Swiss Francs per good compared to dollars per good we can get so therefore 2 Swiss Francs per good/$1 per good is the ratio of comparison , hence we treat f(X) as a function of swiss good(s) per U.S good, therefore f(X)= 2 x , knowing that x= 0.2 f(x)= 2(0.2) which will result in f(x)= 0.4.

3 0

3 years ago

Read 2 more answers

Personal selling requires the ________ flow of communication between a buyer and a seller, often in a face-to-face encounter, de

Free_Kalibri [48]

Answer:

Two-way flow

Explanation:

Personal selling is one of the methods used by salespeople to drive sales. It involves face-to-face interaction with customers who are persuaded to purchase the product.

This method relies heavily on effective communication mostly the two-way flow of communication.

Two-way flow of communication means that when a message is conveyed to the customer there is feedback to the salesperson. The feedback is used to decide the best course of action to be taken in order to complete the transaction

7 0

3 years ago

You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember yo

skelet666 [1.2K]

Answer:

The formula is not used if consumer demand and ordering and holding costs are not constant.

Explanation:

E.O.Q formula measures the ideal quantity of order a company should purchase in order to minimize its inventory costs, such as holding costs and shortage costs. The formula, however has its limitations, in a way that it assumes that the costumer demand is constant and ordering and holding costs remain constant. This makes formula hard to use in case of seasonal changes of demand, inventory costs or lost sales revenue due to inventory shortages.

7 0

3 years ago

Open-end mutual funds are more common than closed-end funds. question 5 options:

Tems11 [23]

False. They are, in fact, significantly less common.

4 0

3 years ago

Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.

vekshin1

Answer:

$210

Explanation:

Date Description Units Price Total Balance

1-Jun Opening 15 $12 $180 $180

5-Jun Purchase 10 $13 $130 $310

12-Jun Purchase 20 $14 $280 $590

17-Jun *Sale -30 -$380 $210

*Working

Sale

Date Units Price Total

17-Jun -15 $12 $(180)

-10 $13 $(130)

-5 $14 $(70)

Total Sale -30 -$380

So, the correct answer is $210.

3 0

3 years ago