Answer: (A) Capitalist
Explanation:
The main importance of the capitalist system is that it is the private property and the control over the various types of factors such as competition, production and the capital accumulation.
The global economical system is basically approach the capitalist in the form of the single unit according to the theory of world system. The private ownership, free market and the capital concentration are some of the characteristics of the capitalist.
Therefore, Option (A) is correct.
Answer:
Explanation:
Features are something invented Benitez its like advice
Answer:
The average total cost of producing silver is $34.
Explanation:
In perfect competition, there is no restriction on the entry and exit of firms. So the firms enjoy only normal or zero economic profits in the long run.
If the firms incur losses, the loss of incurring firms will leave the market and profits will increase. If firms will be having positive profits, new firms will enter and profits will get reduced.
The price level is thus equal to the average total cost in the long run.
The price of silver here is given as $34.
So, the average total cost will also be $34.
Answer:
The correct answer is letter "B": second-degree; the firm cannot identify its customers' types of demand curves before they buy, so the firm produces various versions of the product in hopes that customers will self-select the appropriate product.
Explanation:
Price discrimination occurs when a company charges different customers different prices for the same goods or services. The second-degree price discrimination takes place when different prices are charged for different quantities consumed typically when the goods are bought in bulks. Though, only when the purchase happens companies can identify the type of demand for the products offered. To counteract that, firms set different bulks of goods according to what they "<em>think</em>" can be suitable for consumers.
Answer:
$1,080,000 asset
Explanation:
Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset
Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.