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3 years ago

Private ownership differs from state ownership in that in private ownership _____.

Business

1 answer:

MAVERICK [17]3 years ago

5 0

Answer:

The correct answer is letter "A": maximizing profits is the primary objective of a firm.

Explanation:

Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.

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If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?A) It is a horizontal line at

Ede4ka [16]

Answer:

C) It is a vertical line at $600 billion of GDP

Explanation:

Aggregate supply is the total value of goods and services that companies established in a country are willing to produce and sell for each price level over a given period of time. It is therefore the sum of the supply curves of each firm.

Potential GDP, in turn, is the value of all final goods and services produced by an economy over a given period of time when all factors of production (capital and labor) are being tapped. It is the maximum production point of an economy. In this example, the potential GDP is 600 billion.

In the long run, an increase in the general price level does not affect aggregate production. Thus the aggregate supply curve of an economy represents the sum of all supply in a situation in which all factors of production are employed. This makes the vertical aggregate supply curve at 600 billion.

7 0

3 years ago

Specific tariffs are: Group of answer choices levied as a proportion of the value of the imported good. government payment to do

adell [148]

Answer:

Option (D) is correct.

Explanation:

We all know that a country imposes tariffs on the imports of a commodity to restrict imports from other country.

Specific tariff is a type of tariff that will be imposed on the every unit of a commodity that will be imported in a country. It is a amount of money that a person have to pay for every unit he or she imports.

It is mostly levied on the products like Fertilizers, rice, wheat, cloth, sugar, cement, etc.

5 0

3 years ago

A research analyst at PDQ Securities mentions to a registered representative at that firm that a new research report is coming o

Sonja [21]

Answer:

Explanation:bvcx

8 0

3 years ago

In recent years, companies have created online communities for the purpose of identifying market opportunities through ________,

Free_Kalibri [48]

Answer:

Crowdsourcing

Explanation:

Crowdsourcing can be defined as a practice that involves utilizing a group of individuals for the sole purpose of obtaining new ideas.

Crowdsourcing can provide businessess with entry to new and fresh ideas and solutions, in-depth consumer experience, enhancement of different tasks, and a great reduction in the level of costs.

Individuals that take part in crowdsourcing work as paid freelancers.

Crowdsourcing enables various organizations to carry out tasks at a faster rate by splitting up the task. Crowdsourcing provides a more efficient way to perform tasks.

4 0

3 years ago

Read 2 more answers

The Sanding Department of Bonita Furniture Company has the following production and manufacturing cost data for March 2020, the

Alex_Xolod [135]

Answer:

Explanation:

Production cost report is a detailed list of cost of production including the cost of raw material and operating cost

<u>Production cost for Bonita for March 2020</u>

Units Materials Conversion

costs

Units transferred out 7420 7420 7420

Work in process 3000 3000 (3000*20%)600

Total units 10,420 10,420 8020

Cost Materials Conversion Total

Total cost 35428 60150 95578

Equivalent units 10420 8020

Cost/unit 3.40 7.50 10.90

Cost in the month 95578

Cost reconciliation

Cost allocated to transferred out = 10.9*7420 =80878

Work in process for the month

Materials = 3000*3.40= 10200

Conversion 600*7.50 = 4500

total 14700

Total cost for the month = 80878+14700= 95578

7 0

3 years ago