Answer:
B. They make choices based on their self-interests.
Explanation:
A market economy can be defined as the economy of a country where by the government has a minimal influence or intervention on how the market operates.
A market economy is regulated by the individuals that owns the businesses in that economy. These individuals have the ability to direct resources that they need from production to their firms and businesses.
A market economy is largely or greatly influenced and regulated by the rate of supply and demand. Consumers in a market economy have to sometimes paid a high price for the goods and services that they require. Consumers make financial decisions in a market economy by making their choices based on self interests.
A market economy is a very competitive economy because
a. the demand of goods and services by consumers have increased therefore this results in an increase in production of goods and services.
b. The producers tend to high innovative when producing this goods and services required by the consumers.
In a market economy, businesses and firms tend to have an increased of a very high rate of efficiency when producing goods and services such that they minimise or lower the cost of production while ensuring that they make high or huge amounts of profits.
Answer:
Total Product Costs under absorption costing per unit $ 32.59
Explanation:
Under absorption costing the fixed overheads are included in the product costs. We calculate the total manufacturing costs having fixed overheads and variable overheads and divide it with the number of units to get the product cost per unit.
Expected units to be produced 51,000 units
Direct materials $ 12 * 51,000= $ 612000
Direct labor $ 18 per unit * 51,000= $918000
Overhead
Total variable overhead $ 31,000
Total fixed overhead $ 101,000
Total Manufacturing Costs $1662000
Total Manufacturing Costs per unit = Total Costs/ Total units= $1662000 / 51000= $ 32.59
Answer: decreased by 8.5%
Explanation:
The beta coefficient of a stock is simply used to measure the volatility of a stock which is relative to the market.
From the question, we are informed that investor's portfolio has a beta coefficient of 0.85 and that the overall market declined by 10% over the course of a year.
Based on the information above, the value of the portfolio would have decreased by:
= 0.85/10
= 0.085
= 8.5%
Answer: The correct option is C. nonroutine situation in which employees must search for alternative solutions.
Explanation: First we shall define a programmed decision.
A Programmed Decision is a routine or repetitive decision that can be handled by established business rules or procedures. Programmed decisions do not usually require much consideration or deliberation, and they can easily be automated so as to ensure consistency and also save time for decision makers.
From the explanation above, we can see that Programmed decision are routine and decision makers do not have to seek alternatives, they just have to follow the set rules and procedures.
Therefore, a nonprogrammed decision will be the direct or exact opposite.
Meaning that a nonprogrammed decision is not a routine situation, and it will need workers to think outside the box and seek alternatives to solving problems.
Answer:
Jennifer parents can get a tax credit of $2,500
Explanation:
As per the rule smaller of the two can be claimed as education tax credit
a) $1000 (40% of the total eligible tax credit)
b) maximum annual credit of $2,500 per eligible student
Jennifer parents can get a tax credit of $2,500
