The free market economy is the one where the buyers & sellers should freely select to buy or make.
The following information related to the free market economy is:
- It should depend upon the supply & demand having no government interference.
- In this, the buyers & sellers have the right to select for making or buying whatever they want.
Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.
Learn more about the economy here: brainly.com/question/11905095
Answer:
$18,396
Explanation:
Average sales of the store per day = $1,680
Number of days in a year = 365
Total sales in a year = $1,680 x 365 = $6132,200
Shrinkage rate = 3%
Losses for an entire year = 0.03 x $6132,200 = $18,396
Answer:
Explanation:
Once out of Ginny sight, Alex faces a dilemma: Work very hard (put in all effort) or shirk (put in little effort). If he works hard, he'll sell enough water to generate $90 in earnings (not including his personal cost). If he shirks, he'll only generate $50 in earnings. After the end of the work, he'll split his earnings with Ginny and also get half of what she earns at her stand. In terms of Eric's total utility, it is worse for him to work hard. Close A If Alex works hard, Alex and Sunita together earn $270 ($180 + $90), of which Eric keeps $120. However, he loses $20 worth of utility by working hard. Therefore his net earnings is $100. If he shirks, Eric and Ginny together earn $270 ($200+ $70), of which Eric will keeps $120, while his personal cost is zero. Therefore Alex, individually, is better off when he shirks. A more better way of finding the solution to the problem is to note that from Eric's view, the amount of money he gets from Ginny's sales from the stand does not rely on his own sales.
The anwser to this question is b. prepare the statement of the retained earnings
With the information given in the problem, we know that 80% of the time the brand will be recognized.
As we know, 8/10 is the same thing as 80%.
The probability that exactly 8 people will recognize the brand is 100%.
Let me know how this works out.
