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kipiarov [429]
3 years ago
6

How do individuals contribute to the circular flow of economic activity?A) Businesses buy goods and services from individuals.B)

Businesses purchase productive resources in product markets.C) Individuals provide labor for factor markets and buy goods in product markets.D) Individuals buy productive resources from factor markets and provide labor for product markets.
Business
1 answer:
ZanzabumX [31]3 years ago
6 0

Answer:

C

Explanation:

Individuals provide labor for factor markets and buy goods in product markets.

Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.

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An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i
Alborosie

Answer:

Present value of the security = $1,888.89

Explanation:

The annual dividend of $170 represents a perpetual income stream. The present value of a perpetuity is calculated as follows:

PresentValue=\frac{Coupon}{r}

where r =interest rate per annum that would be compounded for each year

Therefore, present value of the security = \frac{170}{0.09} = $1,888.89

4 0
3 years ago
Assume a company had the following production costs: Direct labor $ 2 per unit Direct material $ 3 per unit Variable overhead $
Mamont248 [21]

Answer:

Total production cost $ 14 per unit  Under absorption costing True

The total product cost per unit when 4,000 units are produced would be $22.50  False

Explanation:

Direct labor $ 2 per unit

Direct material $ 3 per unit

Variable overhead $ 4 per unit

Total variable $ 9 per unit

Fixed overhead ($50,000/10,000 units) $ 5 per unit

Total production cost $ 14

Production Costs involve the fixed costs under absorption Costing. So the total Product cost under absorption costing is $ 14.

When 4,000 units are produced the production costs are as follows

Absorption Costing: 4,000 * 14= $ 56,000

Variable Costing : 4000 * 9= $ 36,000

So the second statement is false.

3 0
3 years ago
The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class r
kakasveta [241]

Answer:

developing new competencies

Explanation:

In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.

4 0
3 years ago
Staffing is a less important management function today than in the past true or false
In-s [12.5K]

Answer: statement is false

6 0
2 years ago
Read 2 more answers
The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively thei
mash [69]

Answer:

The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.

Explanation:

The Solow growth model is an exogenous model of growth that tries to examine the changes in the level of output in an economy as a result of some changes in the economy. The changing conditions are; population, rate of savings and technological advancement. The Solow model named after Robert Solow who was a Nobel-prize economist winner, formed the foundation for modern theories of economic growth. Solow's growth models has a variety of assumptions as shown;

1. Rate of population growth is constant

2. The proportion of savings in the economy is constant.

3. The same technology is utilized by all companies in the economy for production.

4. The capital accumulation equation forms a relationship between; Present capital stock, future capital stock, the rate of capital depreciation, and level of capital investment.

Solow's model implied that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.

8 0
3 years ago
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