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larisa86 [58]
4 years ago
13

An economics system in which consumers vote with their dollars to answer what is produced and how it is produced is known as ___

.
Business
2 answers:
MrRa [10]4 years ago
7 0

Answer:

The correct answer is: market economy.

Explanation:

Economic decisions and prices in a market economy are determined more by market forces than by central planning. Market forces refer to the collective effect of all decisions taken by individual participants in the economy according to their free will, such as consumers and businesses. In a market economy consumers are said to have sovereignty since the value of their dollars determines the market output.

dlinn [17]4 years ago
4 0

Answer:

Market Economy System

Explanation:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.

A market economy is a system where the laws of supply and demand direct the production of goods and services. Capitalism requires a market economy to set prices and distribute goods and services.

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Coleman Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $6,000 for electri
Masteriza [31]

Answer:

Let's first compute the total amount of fixed and variable costs at 10,000 units

first compute the variable cost per unit.

variable cost per unit = total variable costs / total units

= 40,000 + 6,000 / 10,000

= 46,000 / 10,000

= 4.6 per unit

therefore the variable cost per unit is $4.60

Now for the fixed cost at 12,000 units

Variable costs = $55,200

12,000 units x 4,60 per unit

Fixed costs = 20,000

<em>Therefore the variable costs are 55,200 and the fixed costs are 20,000 </em>

4 0
4 years ago
The following elements must be established to create a certain type of contract:1. The plaintiff provided property or services t
mojhsa [17]

Answer:

Implied-in-fact-contract.

Explanation:

The mentioned elements are a part of Implied-in-fact-contract.

Implied-in-fact-contract is a form of implied contract formed by non-verbal conduct, rather than by explicit words. Supreme Court of USA has defined Implied-in-fact-contract as "an agreement 'implied in fact'" as "discovered when a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, and their tacit understanding

3 0
3 years ago
Residual Income = $23000 Operating income = 49,998 Cost of Capital = 12% What is return on investment?
AlekseyPX

Answer:

Return on investment = 27.35 %

Explanation:

Below is the given information.

Residual Income = $23000

Operating income = 49,998

Cost of Capital = 12%

Now calculate the invested amount. Here, below is the calculation of the investment amount.

Invetment amount = (Operating income- Residual income) / Cost of capital

= (49998 - 23000) / 12%

= $ 224983

Now calculate the return on investment by using below formula.

The Return on investment = (operating income ÷ investment)×100

=(49998 / 224983) × 100

= 22.22 %

Return on investment = 27.35 %

6 0
4 years ago
Pro forma free cash flows for a proposed project should___________.I. exclude the cost of employing existing assets that could b
Leviafan [203]

Answer:II. exclude interest expense.

III. include the depreciation tax shield related to the project.

Explanation: pro forma free cash flow is a term used to estimate the amount of inflows(revenue/income) or outflows (expenses) expected to be made in future projects and engagements of a business entity. It helps the business to plan appropriately to forestall any eventualities.

Pro forma free cash flows should exclude interest rate in its estimation and it should also include the depreciation tax shield related to the project.

6 0
3 years ago
Derek, an employee at ferns tech inc., has filed a lawsuit against his employer. he claims that after the introduction of an aff
rodikova [14]
<span>This may be an example of </span>"reverse discrimination".


The expression "reverse discrimination" at times is utilized to portray a kind of segregation wherein individuals from a majority or truly advantaged gathering, (for example, males) are victimized in view of their race, sex, age, or other secured characteristic. These sorts of cases commonly emerge in the zones of work or instruction.
6 0
3 years ago
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