Answer:
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free-market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes referred to as a mixed economy.
Answer:
It will take 10.058 years from today.
Explanation:
Giving the following information:
Present value= $1,091
Future value= $1,728
Interest rate= 12%
<u>First, we need to calculate the number of years it will take to transform the PV into the FV:</u>
<u></u>
n= ln(FV/PV) / ln(1+i)
n= ln(1,728/1,091) / ln(1.12)
n= 4.058 years
It will take 10.058 years from today.
Answer:
The correct answer is letter "D": the firm should change to a different line of business.
Explanation:
Economic profit is the difference between the revenue a firm earns from sales and the firm's total opportunity costs. It is important to distinguish between accounting profit and economic profit. Accounting profit is total revenue minus the explicit costs of producing goods or services. Economic profit includes the opportunity costs a company losses or gains by choosing a route to pursue revenue. If a firm has an economic profit of zero, it implies the company should start looking for alternative ways to generate income.
Answer:
Approximately $37000
Explanation:
A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.
The mean salary is $33000 with one standard deviation equalling $2000.
Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000
