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olga2289 [7]
3 years ago
14

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

Business
1 answer:
tatyana61 [14]3 years ago
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>
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1. Sam orders 40 cases of beer from a Dutch distributor at a price of $40 per case. 2. A U.S. company sells 200 transistors to a
yawa3891 [41]

Explanation:

The computation is shown below:

The consumption is

= 40 cases × $40 per case

= $1,600

The import is also same i.e $1,600 because the purchase from Dutch distributor represents the consumption and imports for the United states economy.

Now the exporter is

= 200 transistors × $ 15

= $3,000

Now the net exports is

= Exports - imports

= $3,000 - $1,600

= $1,400

And, the consumption value is $1,100

The total economy consumption is

= $1,600 + $1,100

= $2,700

Now the GDP is

= Consumption + investment + government spending + net exports

= $2,700 + $0 + $0 + $1,400

= $4,100

4 0
3 years ago
Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of $4.9 million. Assume the prof
My name is Ann [436]

The net income of Denver Incorporated is $0.71 million.

<h3> What is profit margin? </h3>

Profitability margin is an example of a profitability ratio. Profitability ratios measures the efficiency that a business uses to derive profit from its assets. Profit margin measures the return on sales

Profit margin = net income / net sales

<h3>What is the net income? </h3>

5% = net income / $14.2 million

Net income = $14.2 million x 0.05 = $0.71 million

To learn more about financial ratios, please check: brainly.com/question/26092288

6 0
2 years ago
Social surplus is the​ ____________. A. total value from trade in a markettotal value from trade in a market. B. difference betw
shepuryov [24]

Answer:

The correct answer is letter "A": total value from trade in a market.

Explanation:

Canadian economist Alex Tabarrok (born in 1966) explains social surplus as the sum of consumer surplus, producer surplus, and bystanders surplus. Tabarrok takes an integrative approach in consumer surplus by stating <em>social surplus encompasses every economic trade in the market rather than only consumers and producers surplus.</em>

<em />

Besides, Tabarrok believes when there are major external costs or benefits, the market will not reach its social surplus.

4 0
3 years ago
$300 utilities bill and immediately paid it. general journal entry to record this transaction will include a:
Sedaia [141]

Answer:

E. Debit to Utilities Expense for $300.

Explanation:

The journal entry to record the given transaction is shown below

Utilities expense Dr $300

           To cash $300

(Being cash paid is recorded)

For recording this we debited the utilities expense and credited the cash as it increased the expenses and decreased the assets in order to posting it correctly

Therefore it would be debited to utilities expense

7 0
4 years ago
You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You th
irinina [24]

Answer:

Group of choices:

A. There is an ethical dilemma when the CEO of a firm has incentives that are opposite to those of the shareholders.

B. There is a legal issue when the CEO of a firm has incentives that are opposite to those of the shareholders.

C. In this​ case, you​ (as the​ CEO) have an incentive to potentially overpay for another company​ (which would be damaging to your​ shareholders) because the value of the combined company will improve.

D. In this​ case, you​ (as the​ CEO) have an incentive to potentially overpay for another company​ (which would be damaging to your​ shareholders) because your pay and prestige will improve.

The correct answer is A. There is an ethical dilemma when the CEO of a firm has incentives that are opposite to those of the shareholders.

D. In this​ case, you​ (as the​ CEO) have an incentive to potentially overpay for another company​ (which would be damaging to your​ shareholders) because your pay and prestige will improve.

Explanation:

The agency conflict arises when there is a gap between the owners of a company and the management of the management, since it determines that the interests of the shareholders and that of the managers are different. In the case that arises, the CEO evidently becomes a top-notch executive of the combined company, and will have some additional benefits to those that the shareholders may have (mainly return on their investments). At this point an ethical dilemma arises, since the interests of a person cannot overlap with those of a particular organization, and in the event of a purchase being made from the company, it must be ensured that the levels of profitability of the shareholders will increase over time.

4 0
3 years ago
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