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3 years ago

10

What is an example of a country with this economic system?

1 answer:

Viktor [21]3 years ago

4 0

Answer:In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. Companies sell goods and services at the highest price consumers are willing to pay, while workers earn the highest wages companies are willing to pay for their services. A purely capitalist economy is a free market economy; the profit motive drives all commerce and forces businesses to operate as efficiently as possible to avoid losing market share to competitors.

Step-by-step explanation:

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Free_Kalibri [48]

The answer is 21 or 63/3

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3 years ago

Read 2 more answers

An art history professor assigns letter grades on a test according to the following scheme.A: Top 5% of scoresB: Scores below th

adoni [48]

Answer:

Grade B score:

$76 \leq x \leq 89$

Step-by-step explanation:

We are given the following information in the question:

Mean, μ = 73.3

Standard Deviation, σ = 9.7

We are given that the distribution of score on test is a bell shaped distribution that is a normal distribution.

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

B: Scores below the top 5% and above the bottom 62%

We have to find the value of x such that the probability is 0.62

$P( X > x) = P( z > \displaystyle\frac{x - 73.3}{9.7})=0.62$

$= 1 -P( z \leq \displaystyle\frac{x - 73.3}{9.7})=0.62$

$=P( z \leq \displaystyle\frac{x - 73.3}{9.7})=0.38$

Calculation the value from standard normal z table, we have,

$\displaystyle\frac{x - 73.3}{9.7} = 0.305\\\\x = 76.26$

We have to find the value of x such that the probability is 0.05

$P(X < 0.95) = \\\\P( X < x) = P( z < \displaystyle\frac{x - 73.3}{9.7})=0.95$

Calculation the value from standard normal z table, we have,

$\displaystyle\frac{x - 73.3}{9.7} = 1.645\\\\x = 89.26$

Thus, the numerical value of score to achieve grade B is

$76 \leq x \leq 89$

7 0

3 years ago

The ratio of powder to water is 1:8 if there are 32 cups of powder how many cups of water are needed

In-s [12.5K]

There are 256 cups of water needed. I hope this helped.

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Becky is planning a 2 100-mile trip to St. Louis to visit a college. Her car averages 30 miles per gallon

GaryK [48]

Answer:

70

Step-by-step explanation:

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2 years ago

The cost table shows the average cost, a(x), of producing x number of earbuds.

Tasya [4]

Answer:

a

Step-by-step explanation:

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3 years ago