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3 years ago

What is the economic theory that is the opposite of capitalism? Answer command economy market economy socialism competition

1 answer:

7 0

A command economy would be an economic system that is the opposite of capitalism. A command economy could exist in a socialist system as well, whereby the state controls major businesses in an economy and provides close economic planning for a country's industries rather than allowing private ownership and free markets under capitalism.

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A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya

Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0

3 years ago

•What are the five factors of production and how do they contribute to the creation of wealth?

nordsb [41]

Two factors of production that seem to contribute the most to a nation's ability to create wealth are : Entrepreneurship and knowledge.
Germany for example, is not a country that have many resources. But through entrepreneurship and knowledge, they still are one of the world's greatest power

4 0

2 years ago

Suppose the government wants to reduce cigarette consumption to 200 billion packs per year. The government could achieve this by

irakobra [83]

The government could achieve reduction of cigarette consumption to by imposing a per-unit tax on cigarettes of 200 billion packs per year

<h3>What can Taxation achieve?</h3>

A taxation refers to compulsory levies on individuals, business by the governments on their income, operation etc.

In conclusion, apart from the revenue that tax generates for the government official, its also serves as tool for controlling consumption.

Read more about taxation

<em>brainly.com/question/25783927</em>

5 0

2 years ago

Which of the following is NOT an economic question: Do we have enough medical care in the economy? Which type of music should we

Kipish [7]

The correct answer is none of the above.

7 0

2 years ago

Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department,

zmey [24]

Answer:

Explanation:

To complete WIP

Conversion: 16,100 units × (100% – 20%) 12,880

Units started and completed (101,000-16,100) 84,900

Ending work in process:

Conversion: 13,100 units × 30% 3,930

Equivalent units of production 101,710

Cost added during the period $ 594,123

Equivalent units of production 101,710

Cost per equivalent unit $ 5.84

5 0

2 years ago