All categories

4 years ago

According to smith, what does capitalism allow individuals to do that no other economic system allows

1 answer:

5 0

Smith states that capitalism allows individuals to prosper, capitalism allows for such things as division of labor and the specialization that comes with it, this increases the productive efficiency of a nation which in turn increases its wealth and standing in the rest of the world.

You might be interested in

Harold Manufacturing produces denim clothing. This year, it produced 5,260 denim jackets at a manufacturing cost of $42 each. Th

Mice21 [21]

Answer:

Incremental net income = $42,080

Explanation:

Note the the income would be that which result from the alternative action with the highest net income Note that the manufacturing cost of $12 per unit is not relevant for the purpose of this decision and hence would not form part of the analysis

Option one: Outright sale

Sales from disposal = 5,260× 8 42,080

Option 2: disassembling

Revenue $12 × 5,260 = 63120

Cost of disassembling ( 31,800)

Net income 31,320

Option 3: Reworking

Sales revenue ($45.00× 3,050) 137250

Cost of reworking (102,200)

Net income 35,050

The outright option gives the highest net income hence should be considered.

Incremental net income = $42,080

7 0

3 years ago

A profit-maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the

Galina-37 [17]

Answer:

$500

Explanation:

The computation of the current prevailing weekly wage rate in the labor market is shown below:

= Firm weekly revenues for firm's total weekly output of 111 units - Firm weekly revenues for firm's total weekly output of 110 units

= $25,750 - $25,250

= $500

Simply we deduct the revenue of 111 units by the revenue of 110 units, so that the actual wage rate can come

7 0

3 years ago

In California, Arthur wants to personally place business with RTS Insurance Company who is a nonadmitted carrier. The only way A

Cloud [144]

Answer

Professional ethics and code of conduct regulation

Explanation:

California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.

7 0

3 years ago

The first electronic stock market is known as

elixir [45]

The Answer is: Nasdaq

3 0

4 years ago

Assume company x deposits $100,000 in cash in commercial bank. If no excess reserves exist at the time this deposit is made and

kodGreya [7K]

Assume company x deposits $100,000 in cash in a commercial bank. If no excess reserves exist at the time this deposit is made and the reserve ratio is 20 percent, the bank can increase loans by a maximum of $500,000.

Reserve ratio = 20% = 20/100 = 0.25

Initial Money supply = (1/Reserve ratio)*New Deposit = (100,000/0.25) = $ 400,000

Reserve ratio = Rerserve / Deposit

=> Reserves = 0.25*100,000 = 25,000

Max Increase in Money Supply = Initial Money Supply + Reserves/ Reserve Ratio

= $ 400,000 + 100,000

= $ 500,000.

The term commercial bank refers to financial institutions that accept deposits, provide checking account services, issue various loans, and provide basic financial products such as certificates of deposit (CDs) and savings accounts to individuals and small businesses. refers to

Learn more about the commercial banks at

brainly.com/question/1238952

#SPJ4

5 0

2 years ago