The global economic trend has been for capitalist countries to move toward socialism.
<h3>What is capitalism?</h3>
This is the term that is used to refer to the economic system that has the means of production to lie in the hands of the people. They are the ones that would make most of the economic decisions in he nation. This is opposed to socialism where the people do not have much say in the means of production. The government is the one in charge of demand and supply.
Hence we would say that The global economic trend has been for capitalist countries to move toward socialism.
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Answer:
Businesses that do not maximise outputs from the given inputs are inefficient, and probably have diseconomies of scale, the opposite of economies of scale, that ocurrs when output increases proportionally less than the inputs that are invested.
This situation arises as a result of an economic law, the law of diminishing retuns. According to this economic law, there is a point in the production process in which the use of additional units of input do not result in a proportional yield, in other words, when a business presents diminishing returns, the more inputs it adds, the less output grows in proportion to the inputs.
Answer: Accounting profit = $35000, Economic profit = $13000
Explanation:
Accounting profit = Revenue - Explicit cost
Accounting profit = Revenue - Cost of Help - Rent - Cost of materials
Accounting profit = $72000 - $12000 - $5000 - $20000
Accounting profit = $35000
Economic profit = Revenue - Explicit cost - Implicit Cost
Economic profit = Revenue - Cost of Help - Rent - Cost of materials - Renting equipment - working for competitors - talent
Economic profit = $72000 - $12000 - $5000 - $20000 - $4000 - $15000 - $3000
Economic profit = $13000
Answer:
I would chose carrier B
Explanation:
The reason i will choose carrier B is because if we consider the cost of capital which is 4% of $70, it is lesser than carrier A.
Calculation
If A = $200
Assuming Maintenance = $60 for 24 month
4% of $60 = 2.4
Now considering we keep replacing the phone after the contract expires and cost of capital is 4%
Therefor: 4% of $60 × 24 =57.6
If we run the same calculation for carrier B,
we have, 4% of %70 = 2.8
therefor: 2.8 × 12 = 33.6
Carrier B is therefore cheaper so ill go for it.
The command-and-control strategy for pollution reduction refers to the standards on the methods used to reduce pollution. Command-and-control<span> (CAC) gives regulation sets that specific limits for </span>pollution<span> emissions and it defines methods and solutions how to reduce pollution. </span>