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3 years ago

When does government involvement in society reach its pinnacle?

1 answer:

3 0

The government's involvement in the society reach its pinnacle when Ronald Reagan became the president of the United States. Reagan stated that the U.S government had become too much powerful to the point that it cannot be controlled. He suggested to back it off before it will try to control the lives of the people.

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A firm sells a product in a purely competitive market. The marginal cost of the product at the current output level of 800 units

astraxan [27]

Answer:

The correct answer is option

Explanation:

A firm operating in a perfectly competitive market is producing 800 units. The marginal cost is $3.50. The minimum average variable cost is $3. The market price is $4.

The firm will be able to maximize its profit at the point where the price of the product is equal to marginal cost and is able to cover the average variable cost of the product.

This firm should thus increase its production to more than 800 units till the marginal cost is equal to the price which is $4.

5 0

3 years ago

Bidder conferences are used to:

Zarrin [17]

Answer:

A. Answer questions about the project prior to submittal of proposals

Explanation:

A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.

4 0

3 years ago

IBM satisfies consumers' needs for powerful, easy-to-use laptop computers by converting assorted software routines, hardware dev

Ivan

Answer: Form utility

Explanation:

Utility is the satisfaction consumers derive from the use or consumption. Form utility is used to explain how well a particular product or service meets the needs of the customer. Form utility incorporates the needs and wants of consumers into the benefits and features of the products that is offered by the company.

Companies invest money and time into the research of product research in order to know the kind of products or services that consumers desire. The firm utility is the method of used by IBM.

8 0

3 years ago

Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $45,500 f

lbvjy [14]

Answer:

The Solution is given below in the

Explanation:

Requirement 1: Solution

Entries Debit Credit

Employee Benefits Expense $55,500

Medical insurance payable $45,500

Retirement program $10,000

Requirement 2: Solution

As the retirement program money is paid after 5 years it should be classified as a non-current liability as per the International accounting standard(Presentation of financial statements).

3 0

4 years ago

Cami is the marketing manager for a regional furniture maker. She closely monitors the impact of each marketing campaign on over

morpeh [17]

Answer:

B) experimentation.

Explanation:

Experimentation is the process by which a business strategy is tested on a smaller scale before it is adopted on a wider scale. A business process or product can be introduced to a particular test group and based on the results extrapolated to other areas.

In this scenario Cami the marketing manager for a regional furniture maker monitors each marketing campaign on overall sales. She also tries novel promotional offers to first time customers in a bid to test efficacy. This is use of experimentation.

6 0

4 years ago