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4vir4ik [10]
4 years ago
12

"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed

among its members?" In a market economy, this question is resolved primarily in the:
a. Money market through borrowing and saving by households and businesses
b. Public sector through the mechanism of central planning
c. Business sector through the mechanism of advertising
d. Private sector through the earning and spending of income
Business
1 answer:
WINSTONCH [101]4 years ago
8 0

Answer:

d. Private sector through the earning and spending of income.

Explanation:

In economics some major questions producers ask is for whom is production done, and how are output distributed in the economy.

For example ski equipment are produced for those people that practice skiing either as a sport or as a hobby. The particular set of people that use this product is targeted and provided with these goods.

Therefore these questions are answered in the private sector when the consumer earns income and spends it on their needs.

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<span>Recruitment and retaining helpers, distance, cost and confidentiality are the challenges faced in order to service provisions that are located in rural areas. Rural areas are located so far from supplies and major services that it is quite difficult to keep thing sworking in those ares.</span>
8 0
4 years ago
Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
Ksju [112]

Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0
4 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
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3 years ago
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Before you could train as a physician, you first had to become, a SCRIBE
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3 years ago
Read 2 more answers
AfterGlow, a body and bath products manufacturing company, produces around 12,000 bottles of shampoo a day. The production syste
galben [10]

Answer:

A) continuous - flow production

Explanation:

Continuous - flow production -

It is the method , to produce or manufacture any goods or services without any obstruction , is known as  continuous - flow production .

In this case , the goods are processed in continuous motion via same mechanical treatment , or heat treatment or any chemical process .

It is also known as continuous process or a continuous flow process .

Hence , from the question , the example given in the question , is about continuous - flow production .

7 0
4 years ago
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