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Tema [17]
3 years ago
5

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the

products most wanted by consumers would be to:
A. Permit government owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations.
B. Allow private ownership of businesses, but make use of extensive regulation to force businesses to behave in a socially desirable way.
C. Allow entrepreneurs personal freedom to follow their own self-interest.
D. Impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.
Business
1 answer:
evablogger [386]3 years ago
8 0

Answer:

The correct answer is C

Explanation:

The concept of the invisible hand, is the concept in which the unobservable market force, helps the supply and the demand of the goods to reach at equilibrium in a free market.

As per this concept, the best method for society in order to encourage the jobs creation and the production of products demanded by consumers would be to allow the personal freedom entrepreneurs to follow their self interest.

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If a 30 % price increase for Product A causes a 10 % decrease in its quantity demanded, but no change in the quantity demanded f
IrinaVladis [17]

Answer:

0

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good B to changes in price of good A.

The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.

I hope my answer helps you

6 0
3 years ago
You would like to borrow $500,000 to buy a home. The bank offers you a 30 year fully amortizing fixed rate mortgage with a 4% co
taurus [48]

Answer:

The monthly payment is $28,915.05

Explanation:

Loan amount: $500,000

Loan tenor: 30 years

Loan rate: 4% pa (fixed)

We can use excel to calculate the monthly amortizing payment by formula PMT

= PMT(loan rate,loan tenor, loan amount) = PMT(4%,30,500000)=($28,915.05)

Please see excel attached for the calculation

Download xlsx
6 0
3 years ago
The following information is available about the August transactions of the Helpful Tool Company: Invoices for product costs pai
riadik2000 [5.3K]

Answer:

Cost of Goods Sold= $739,000

Explanation:

The Costs of Goods Sold (COGS) is a derived figure when preparing an Income Statement. It is more comprehensive than the other figures because it  is arrived at as follows:

Cost of Goods Sold = Opening Inventory + Purchase of inventory (if any)+ goods manufactured (if any)- closing inventory.

Costs of finished goods manufactured represents a part of COGS

Invoices for product costs during the month is usually a part of the purchase of inventory or purchase of raw material for finished goods manufactured

Product Costs charged to Work In Progress is also a fraction of costs for the period.

Therefore, the most comprehensive product cost for August is the Cost of Goods Sold which aggregates other costs.

6 0
4 years ago
$50 an hour is a ______
beks73 [17]
Clearly a wage my dude
6 0
3 years ago
Read 2 more answers
Without completing a signed agency agreement, the licensee may call herself A) a subagent. B) a facilitator. C) a designated age
Oksi-84 [34.3K]

Answer:

B) a facilitator

Explanation:

-A subagent is a person that acts as an agent after being assigned by a broker.

-A facilitator is an agent that has not being chosen as the client's representative.

-A designated agent is an agent that is assigned by a broker to represent a client and the other client in the transaction is represented by another agent that works with the same broker.

-An agent is a person that represents a buyer or seller in a real state transaction.

According to this, the answer is that without completing a signed agency agreement, the licensee may call herself a facilitator because she has not being designated by the client as his/her representative.

6 0
3 years ago
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