Refer to the above table. if demand decreased by 4 units at each price, what would the new equilibrium price and quantity be?

a power company decides to use wind turbines to provide electricity instead of coal. which basic economic question does this dec

Rufina [12.5K]

How will goods or services be produced? is the basic basic economic question does this decision answer in a free market economy.

<h3>What is a Market economy?</h3>

In a market economy, firms and individuals interact to determine how much goods and services should cost and how to best allocate scarce resources. This word often refers to an economy that is more market oriented overall, however there may be some government intervention or central planning.

Classical economists like Adam Smith, David Ricardo, and Jean-Baptiste Say created the theoretical framework for market economies. These traditional liberal proponents of the free market thought that the "invisible hand" of the profit motive and market incentives typically led economic decisions in directions that were more productive and efficient than government economic planning.

Learn more about market economy

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6 0

2 years ago

15) Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow

lisov135 [29]

Answer:

The highest price for the stock is $22.00

Explanation:

Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.

The cash flow ratio for the company is 11.

Solution:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00

6 0

3 years ago

Which consideration is of least importance in an individual’s basic wealth protection?

Levart [38]

<span>income tax reduction. hope it helps</span>

5 0

4 years ago

Read 2 more answers

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in

nevsk [136]

Answer:

386,800 units

Explanation:

Note that, Richards Corporation uses the weighted-average method of process costing.

This method focuses on units completed and units in ending work in process.

therefore,

Equivalent units calculation

Materials = 372,000 x 100 % + 37,000 x 40 % = 386,800 units

Therefore, the cost per equivalent unit of materials is 386,800 units.

7 0

3 years ago

World Company expects to operate at 80% of its productive capacity of 67,500 units per month. At this planned level, the company

scoray [572]

Answer:

1. $3,780 Unfavorable

2. $453,600 Overhead controllable variance

Explanation:

Req. 1

Fixed Overhead Applied

Fixed OH per DL hr. ($68,040 ÷ $32,400) = 2.1

Standard DL hours = 0.60 * $51,000 = $30,600

Fixed OH applied = 2.1 * $30,600 = $64,260

Volume variance.

Total fixed OH applied $64,260

Total budgeted fixed OH $68,040

Fixed OH volume variance $3,780 Unfavorable

Req. 2

Overhead controllable variance.

Total actual overhead $ 472,000

Flexible budget overhead

Variable = $408,240 ÷ $32,400 = 12.6

=> $30,600 * 12.6 = $385,560

Fixed. $68,040

Total $453,600 Overhead controllable variance

6 0

3 years ago