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Scrat [10]
3 years ago
9

Mao’s resulted in decreased industrial output and food shortages.

Business
2 answers:
KatRina [158]3 years ago
7 0
Mao's economic plan resulted in decreased industrial output and food shortages. Mao Zedong wanted to improve the living and economic conditions in China during the late 50s, which is why he introduced his plan, titled the Great Leap Forward. However, the plan backfired, and cause quite the opposite of what he indended it to - many people now believe that it was the root of the Great Chinese Famine. 
Norma-Jean [14]3 years ago
7 0

Answer:

the Great Leap Forward

Explanation:

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C&A purchases fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case co
Verdich [7]

Answer:

$1.5

Explanation:

Given:

Charges per order = $30

Charges per case = $50

1 case = 5 bags of fertilizers

Number of fertilizers bags needed per year = 2000 bags

Annual holding cost, C₀ = 30%

Now,

Annual demand for cases,  D = \frac{\textup{Number of fertilizers bags needed}}{\textup{Number of bags per case}}

= \frac{\textup{2000}}{\textup{5}}

= 400 cases

thus,

Annual unit holding cost per case, C_h = 30% of $50 i.e $15

Thus,

Economic Order quantity ( EOQ ) =\sqrt{\frac{2C_oD}{C_h}}

on substituting the respective values, we get

EOQ =\sqrt{\frac{2\times30\times400}{15}}

or

EOQ = 40

Now,

Annual ordering cost = Ordering cost × Number of orders

= C₀ × \frac{\textup{annual demand}}{\textup{EOQ}}

= $30 × \frac{\textup{400}}{\textup{40}}

= $300

Annual inventory holding cost

= Annual unit inventory holding cost × Average inventory

= C_h × \frac{\textup{EOQ}}{\textup{2}}

= $15 × \frac{\textup{40}}{\textup{2}}  

= $300

Now,

Sum of annual ordering and holding cost per case of fertilizer

= $300 + $300

= $600

Therefore,

Annual ordering and holding cost per case of fertiliser

= \frac{\textup{600}}{\textup{Annual demand}}

= \frac{\textup{600}}{\textup{400}}

= $1.5

7 0
3 years ago
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical
user100 [1]

Answer:

MPLF/MPLC; becomes steeper

Explanation:

The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.

Where

- MPLC is Marginal Product of Labor for Cloth.

- MPLF is Marginal Product of Labor for Food.

5 0
3 years ago
Read 2 more answers
According to the quantity theory of money, a 5 percent increase in money growth increases inflation by ___ percent. According to
lina2011 [118]

Answer:

both blanks can be filled by <u>5%</u>

Explanation:

The quantity theory of money states that there is a proportional relationship between the money supply and the general level of prices. An increase in the money supply will increase the general level of prices in the same proportion (called inflation).

The Fisher equation measures the relationship between nominal and real interest rates. Real interest rate = nominal interest rate - inflation rate.

So if inflation increases, the nominal inflation rate will increase to keep the real interest rate the same.

8 0
3 years ago
As a general rule, the Chinese government allows foreign companies to participate in its market only if those companies agree to
stealth61 [152]

Answer:

C. Joint Venture

Explanation:

A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.

Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.

<u>Advantages of a Joint Venture include:</u>

  • Access to new markets.
  • Pooling of resources.
  • Low cost of production.
  • Access to expertise ans technology, and so on.

7 0
3 years ago
Vernon is a cash basis taxpayer with a calendar tax year. on october 1, 2016, vernon entered into a lease to rent a building for
tester [92]

Answer:

$9,000

Explanation:

Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.

= 3 months x $3,000 per month = $9,000

This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.

8 0
3 years ago
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