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3 years ago

Why does the free-market system require government regulation?

2 answers:

7 0

In free-market system <span>the business is privately owned and operated, which means that it is not owned or controlled by the government.</span>
The free-market system require government regulation, because the producers are driven by the profit motive to work against competition. Government regulation will enable and ensure fair competition and protect consumers.

solniwko [45]3 years ago

6 0

Explanation:

Although the free market has its virtues, such as the determination of the competitive price and the desired produced quantity, it can cause deepening in income inequality and poverty. This is because although it is efficient in production, distribution will not necessarily reach everyone, building exorbitant inequalities and poverty. Also, it tends to monopolies that can be harmful to consumers. Thus, regulation is needed for a better return to society.

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Fabri Corporation is considering eliminating a department that has an annual contribution margin of $24,000 and $76,000 in annua

Umnica [9.8K]

Answer:

Net Contribution of the Department $

Contribution margin 24,000

Less: Avoidable fixed cost 55,000

Net contribution (31,000)

The department should be eliminated. The financial advantage of eliminating the department is that it will increase the total profit of the whole company by $31,000

Explanation:

This question relates to deleting a product or segment. The net contribution will be computed by deducting the avoidable fixed cost from the contribution margin. The avoidable fixed cost is total fixed cot minus unavoidable fixed cost. Since the net contribution is negative, it implies that the department should be eliminated.

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3 years ago

Mr. Fred Mitchell is requesting the birth record for Amy, his birth daughter. Mr. and Mrs. Mitchell gave Amy up for adoption fou

Natali [406]

Answer: No you should not

Explanation:

Mr. and Mrs. Mitchell gave Amy up for adoption four years ago and in effect legally voided their guardianship of her. As far as the law is concerned, they are no longer Amy's parents. As such, Mr Fred Mitchell requesting for information on the girl is akin to a stranger doing the same and so cannot be honored, at least not without the consent of the new parents.

4 0

3 years ago

Please help solve this

joja [24]

Answer:

The Gross Domestic Product of the territory is $ 172 million.

Explanation:

The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:

$GDP = C+BI+GEx+GEn+E-I$ (1)

Where:

$C$ - Consumption.

$BI$ - Business investments.

$GEx$ - Government expenditures.

$GEn$ - Government entitlements.

$E$ - Exports.

$I$ - Imports.

Please notice that positive sign represents money that has entered into the economy of the territory.

If we know that $C = 50\times 10^{6}$ , $BI = 10\times 10^{6}$ , $GEx = 75\times 10^{6}$ , $GEn = 38\times 10^{6}$ , $E = 12\times 10^{6}$ and $I = 13\times 10^{6}$ , then the GDP of the territory is:

$GDP = 50\times 10^{6}+10\times 10^{6} + 75\times 10^{6}+38\times 10^{6}+12\times 10^{6}-13\times 10^{6}$

$GDP = 172\times 10^{6}$

The Gross Domestic Product of the territory is $ 172 million.

6 0

3 years ago

Gokceada Co. issued 100,000 shares of common stock in the current year. On October 1, Gokceada repurchased 20,000 shares of its

andriy [413]

I’m sorry I’m not answering ur question so I can ask one but I would say 450$

6 0

4 years ago

In perfect competition, an individual firm Question 4 options: can not affect its price nor determine the quantity it sells in t

RideAnS [48]

Answer:

sets the price and determines the quantity it sells in the marketplace.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

In perfect competition, an individual firm sets the price and determines the quantity it sells in the marketplace.

6 0

3 years ago