Answer:
According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.
Explanation:
To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.
This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.
The answers are state, and international system
I hope that helped
Answer:
Yes
Explanation:
If a kid sells things daily to people to make profit then that kid would have a "business"
C. maintain physical protections in work areas.......
Answer:
It is a good investment, the company should purchase the machine and sale the old one.
Explanation:
![\right[\begin{array}{cccc}-&old&new&differential\\purchase&0&-112,500&-112,500\\proceed \:from \:sale&0&60,000&60,000\\cost \:savings&0&13,000&13,000\\total \:cost \:saving&0&65,000&65,000\\Net&0&78,000&12,500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cright%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26old%26new%26differential%5C%5Cpurchase%260%26-112%2C500%26-112%2C500%5C%5Cproceed%20%5C%3Afrom%20%5C%3Asale%260%2660%2C000%2660%2C000%5C%5Ccost%20%5C%3Asavings%260%2613%2C000%2613%2C000%5C%5Ctotal%20%5C%3Acost%20%5C%3Asaving%260%2665%2C000%2665%2C000%5C%5CNet%260%2678%2C000%2612%2C500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>We post the purchase cost and the proceeds from the machine sale, </u>
<u>The book value of the machine is irrelevant, </u>we are looking to save cash. The old machine value is a sunk cost. It is a cost already incurred. We don't use it in the calculations.
<u>Then we calculate the saving for five years. </u>
Last, we add the differential analysis column.
Because is gives a positive amount, purchase the new machien would be a good idea.