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ipn [44]
4 years ago
12

Why is the profit motive considered an incentive in a market system?

Business
1 answer:
dsp734 years ago
7 0
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
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governments that are interested in minimizing the efficiency costs of taxation should only tax goods where
lisov135 [29]

Answer:

Governments that are interested in minimizing the efficiency costs of taxation should only tax goods where demand or supply, or both, are relatively inelastic.

Explanation:

hope this helps

6 0
3 years ago
Read 2 more answers
What type of degree do u need to have to be a hairstylist?
Ksju [112]
Hello there.

Question: <span>What type of degree do u need to have to be a hairstylist?

Answer: You would need a high school diploma or a GED for cosmetology school. You would then need an associate's degree in cosmetology.

Hope This Helps You!
Good Luck Studying ^-^</span>
6 0
4 years ago
Which of the following is NOT true of sales force compensation? a. Sales managers often offer rewards or incentives to motivate
scoundrel [369]

Answer:

c. Companies and industries with lower levels of compensation have lower turnover rates

Explanation:

Sales force compensation refers to how a company compensates its sales team for its efforts. They are the methods applied to pay sales representatives.  A company may decide to pay, either a fixed salary, salary plus commission, or commissions only.

If sales representatives feel that they are not adequately compensated, they may opt to look for better-paying jobs elsewhere.  Companies that pay lowly will always have a challenge in attracting and retaining the best sale people in the market. Sales incentives serve as a motivating factor to the salespeople.  A business or industry that pays poorly will have high employee turnover, as its workers will be always be seeking greener pastures.

7 0
4 years ago
Charlie's brother, Alexander, also consumes apples (A) and bananas (B). Alexander's utility function happens to be U(A, B) = 5A
Andrei [34K]

Solution :

U(A, B) = 5A + 2B

a). Bundles (40, 5) = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.

So, U(40, 5) = U(x, 2)

   (40 x 5) + (2 x 5) = 50x + (2 x 2)

     210 - 4  = 5x

       x = 41.2

So Alexander has 40 apples and 5 bananas. The indifference curve though (40, 5) also include bundle.

Therefore, (41.2, 2)

b). $MRS_{BA} = \frac{MU_B}{MU_A}$

                  $=\frac{\delta U/\delta B}{\delta U/\delta A}$

                  $=\frac{2}{5}$

                 = 0.4

So Alexander  has 40 apples and 5 bananas with this bundle. Alexander would like to give up 0.4 unit apples for a banana.

7 0
3 years ago
What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional
kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

8 0
3 years ago
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