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Solnce55 [7]
3 years ago
10

The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the pri

nciple idea of?
Business
1 answer:
Orlov [11]3 years ago
8 0
Adam Smith in his book 'Wealth of Nations'
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<img src="https://tex.z-dn.net/?f=%20%5C%3A%20%20%5C%3A%20%20%5C%3A%20%20%5C%3A%20%20%5C%3A%20%20%5C%3A%20" id="TexFormula1" tit
Novay_Z [31]

Answer:

market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.

Explanation:

hope it helps.

have a great day

8 0
2 years ago
Read 2 more answers
Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled
klemol [59]

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

Ending inventory = 1400 units

Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

Material Cost Per Unit will be:

= Total Material Cost / Equivalent Production Unit

= $62900 / 18500

= $3.40 per unit

The material cost per unit is $3.40

7 0
3 years ago
Kenny Electric Company's noncallable bonds were issued several years ago and now have 20 years to maturity. These bonds have a 9
murzikaleks [220]

Answer:

d. 5.08%

Explanation:

We have to first calculate the YTM of the bond, and then apply the tax shield.

To get the YTM we have to calculate the rate of return of an annuity of 46.25 for 20 years compounding semiannually at IRR rate and the present value of the face value redeem in 20 years.

C \times \frac{1-(1+r)^{-time} }{rate} +Face\:Value/(1+rate)^{time}= PV\\

46.25 \times \frac{1-(1+IRR/2)^{-20*2} }{rate} + 1000/(1+IRR)^{20}= 1075\\

IRR = 0.084656891 (it should be done using financial calculator or excel or a similar software program)

then we apply the shield tax to the IRR:

IRR x (1 - tax-rate) = Cost of debt

0.084656891 * ( 1 - 0.4) = 5.0794= 5.08

3 0
3 years ago
Which of the following statements is most correct? Select one: a. If a bond sells for less than par, then its yield to maturity
vladimir1956 [14]

Answer: "e. None of the answers above is correct."

Explanation: 1) If a bond sells for less than par, its yield at maturity is greater than its coupon rate.

2) If a bond sells at par, its current yield will be the same as its yield at maturity.

3) A bond selling for more than par will always have a lower capital gain than a par bond.

4) Both Incorrect.

8 0
3 years ago
Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai
Nat2105 [25]

Answer:

The correct answer is E) self-serving bias.

Explanation:

Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.

5 0
3 years ago
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