1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Trava [24]
3 years ago
6

It is necessary for all economic systems to provide people with goods and services and also restrict them from getting as much o

f these goods and services as they wish, because failure to do this could ________ the efficiency of the system by producing some goods and services that are ________.
Business
1 answer:
solong [7]3 years ago
8 0

Answer:

The correct answer is: reduce; not as highly valued as others.

Explanation:

All the economic systems must provide people with the goods and services that they want and need. But it is also necessary to limit them from getting as much as they wish.

This is because providing as many goods and services as they want may lead to a reduction in efficiency. Economic efficiency is achieved when resources are allocated in such a way that there is no wastage and resources are allocated to most valued use.

If the economic systems do not restrict the production of goods and services as much as they want it may lead to the production of those goods and services that are not as highly valued as others. This will cause wastage of resources, thus reducing the economic efficiency of the system.

You might be interested in
The president of the Micro Brewing Corporation asks you, as the company economist, to forecast changes in consumer beer purchase
umka21 [38]

Answer:

It is more profitable to raise the selling price by $2.

Explanation:

To determine whether the company should raise the selling price, we need to determine the effect on income. <u>The best option is the one with the higher sales revenue.</u>

Sales revenue= selling price * number of units

<u>Current:</u>

Sales revenue= 5.5*2,200= $12,100

<u>Proposal:</u>

Sales revenue= 7.5*1,800= $13,500

It is more profitable to raise the selling price by $2.

7 0
3 years ago
The owners of Arthouse Inc., a national artist supplies chain, are contemplating purchasing Craftworks Inc, a smaller chain. Art
Elodia [21]

Answer:

It can purchase at most, $18.13 per share.

Or 72.52 millions for the total 4,000,000 shares

Explanation:

We are given with  the present value of the merger at Craftworks discount rate. The shares can be purchase at most at the same level of the present value of the increase in the free cash flow.

That way, the net present value will be zero and the merger will yield the 16% required.

72,520,000 Millions

 4,000,000 shares outstanding

price per share 18.13

The crafworks shares can be purchase at most for 18.13 above this, it would yield the 16% required

Currently the share are at 16.25 so it could be possible to do the take-over

6 0
3 years ago
A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
Dmitry [639]

Answer:

D: $259,000

Explanation:

The computation of the paying amount which borrower can pay for a property is shown below:

= Mortgage loan amount for borrow ÷  loan-to-value ratio

= $220,000 ÷ 85%

= $258,823.53

= $259,000 round off

We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.

7 0
3 years ago
Arnie made 800,000 after deducting expenses when he sold the helicopter
Maksim231197 [3]
I think the correct answer is c , hope I helped
6 0
3 years ago
The following are the trial balance ind the other information related to Perez Consulting Engineers. Perez Consulting Engineers
Leya [2.2K]

Answer:

Hi

Explanation:

Hi

3 0
3 years ago
Other questions:
  • Use the compound interest formula,     . kelly opened a savings account with $500 she received at eighth grade graduation 4 year
    6·2 answers
  • _________ payments are known as lump sums. We can solve for the future value or the present value of a lump sum as we discuss be
    6·1 answer
  • A portion of the Sarbanes-Oxley Act makes it illegal to fire or otherwise discriminate against a corporate officer for trying to
    5·1 answer
  • Danube Corp. purchased a used machine for $ 10 comma 000. The machine required installation costs of $ 4 comma 000 and insurance
    12·1 answer
  • Select the correct answer.
    15·1 answer
  • Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
    11·1 answer
  • What is morale? apparently the question was too short so this is filler
    15·1 answer
  • Why do you think celebrities bother to involve themselves in politics?
    14·1 answer
  • Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of oper
    9·1 answer
  • An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the st
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!