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3 years ago

What is one way a market economy affects the lives of private citizens

1 answer:

3 0

Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).

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A company is asking you to evaluate whether to start a specialty tile manufacturing unit. The initial cost of setting up the man

Vesna [10]

Answer:

Initial cost of setting up the manufacturing infrastructure = $2,000,000

Variable manufacturing cost per tile = $4

Selling price(revenue) per tile sold = $8

Company can earn contribution of = Selling price (revenue) per tile sold - Variable manufacturing cost per tile = $8 - $4 = $4 per tile sold

Break Even point (in units) = Fixed cost / Contribution per unit of tile = $2000000/$4 = 500,000 tiles

a. The company must sell 500,000 tiles in the first six months in order to break even

b. The company should not invest in this venture as it would not even be able to cover the total cost of investment. Reason is the break-even number of tiles to be sold is more than the forecasted sales units by 100,000 (500,000 - 400,000)

Also, company would incur a loss the first six months:

= Number of tiles*Revenue per tile - Fixed Cost - Number of tiles * Variable cost per tile

= 400000*$8 - $2000000 - 400000*$4

= $3200000 - $2000000 - $1600000

= ($400,000) loss.

6 0

3 years ago

The senior lawyers of Lawteve, a law firm, have differences of opinion about the leave policies that the firm follows. This is b

shusha [124]

Answer:

The correct answer is C) c-type conflict.

Explanation:

Type C conflict is that conflict that arises from differences of opinion related to problems and affective conflict refers to the emotional reactions that can occur when disagreements become personal. Cognitive conflict includes disagreements related to goals, resource allocation, reward distribution, policies and procedures, and homework assignments. Affective conflict results from feelings of courage, distrust, fear, and resentment; as well as personality clashes. Cognitive conflict is strongly associated with improvements in the performance of work teams while affective conflict is strongly associated with decreased performance of work teams.

4 0

3 years ago

Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% c

Tomtit [17]

Answer:

Total equivalent units of material = 900

Explanation:

<em>Equivalent units are notional whole units which represent incomplete works are used to allocate cost to work in progress and completed units</em>

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent unit = Degree of completion × units

Item units Equivalent units

Completed units 600 100% × 600 = 600

Closing inventory 300 100%× 300 = <u>300</u>

Total equivalent units of material <u>900</u>

Note simply because materials are added at the beginning of the process, it is assumed that all the quantity required would have been added. Hence the degree of completion for materials is 100% .

8 0

3 years ago

As utility companies tend to serve a whole market exclusively, they are known as ______ because the governments involved believe

kykrilka [37]

Natural monopoly tends to serve a whole market exclusively.

<h2>What is Natural Monopoly?</h2>

A natural monopoly is a sort of monopoly that frequently arises as a result of the high start-up costs or considerable economies of scale of operating a business in a particular industry, which can result in significant barriers to entry for potential competitors. In a certain sector or region, a corporation with a natural monopoly might be the exclusive supplier of a given good or service. In industries that need specialized technology, raw materials, or other elements to function, natural monopolies may develop.

<h3>Key Features of Natural Monopoly</h3>

A natural monopoly is a special kind of monopoly that develops when there is only one company that can effectively provide the service in a particular area due to high start-up costs and considerable economies of scale.
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region.
Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.

Learn more about Natural monopoly here:

brainly.com/question/2182872

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7 0

2 years ago

An increase in the current account deficit will place _______ pressure on the home currency value, other things equal.

Sindrei [870]

When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.

<h3>What happens when there is a current account deficit?</h3>

A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.

What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.

This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.

In conclusion, there will be downward pressure.

Find out more on the current account at brainly.com/question/22333470

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2 years ago