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Viktor [21]
3 years ago
6

In a market economy,

Business
1 answer:
stiks02 [169]3 years ago
7 0

Answer:

The correct answer is letter "D": supply and demand determine prices and prices, in turn, allocate the economy's scarce resources.

Explanation:

In a Market Economy, economic decisions and prices are determined by market forces rather than by central planning. Market forces refer to the collective effects of all the decisions made by individuals participants in the economy such as consumers and businesses according to their free will.

In other words, supply and demand are the regulators of a Market Economy determining prices also allocating scarce resources.

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Under the corporate form of business organization, a.stockholders wishing to sell their corporate shares must get the approval o
BARSIC [14]

Answer:

The correct option is B.

Explanation: A corporate form of business organization is an organization which has an existence that is independent of its owners, meaning that the organization exists separately from its owner(s).

In other words, Corporations are business organizations that have powers and liabilities which are separate and distinct from those of its owners.

Corporate organizations are by far, the easiest to forms of incorporated structures to transfer, whether this is part or the whole company. What this means that a major attribute of a corporate organization is that ownership rights in the corporation can be easily transferred from one person to another, and this can be either a part of the organization, or the whole organization.

7 0
3 years ago
Which of the following is an example of raw data from an automobile manufacturer? Annual sales of Subaru Outbacks increased 4.5
m_a_m_a [10]

Answer:

One Subaru Outback sold January 7, 2017 in Mount Kisco, New York for $25,000.

Explanation:

Raw data typically refers to tables of data where each row contains an observation and each column represents a variable that describes some property of each observation. Data in this format is sometimes referred to as tidy data, flat data, primary data, atomic data, and unit record data. Sometimes raw data refers to data that has not yet been processed.

4 0
4 years ago
Daffodil Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20,000 units annually. Planter
Nastasia [14]

Answer:

Flower: $500,000

Planter: $300,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We distribute the expected cost over the cost driver:

Expected manufacturing overhead: 800,000

Flowe 20,000   1 hour

Planter 6,000    2 hour

Expected direct labor (20,000 + 12,000) 32,000

800,000 / 32,000 = 25

then we aply the rate to the labor hours of each product

Flower: 20,000 x 25 = 500,000

Planter: 12,000 x 25 =  300,000

7 0
3 years ago
if a perfectly competitive firm is producing a quantity where mc < mr, then profit: select one: a. can be increased by decrea
iris [78.8K]

If a perfect competition firm is producing a quantity where mc < mr, then profit can be increased by increasing production.

Because competing businesses compel them to adopt the market's current equilibrium price, a perfectly competitive firm is referred to as a price taker. A company will forfeit all of its sales to rivals if it increases the price of its product by even a penny in a highly competitive market.

There are numerous buyers and sellers in a market with perfect competition, and prices always reflect supply and demand. The businesses can enhance profit by raising output if it is producing at a level where MR > MC, such as 40 or 50 packs of raspberries. This is because the marginal revenue is higher than the marginal cost

Learn more about perfect competition here:

brainly.com/question/28325480

#SPJ4

8 0
1 year ago
If GDP exceeds aggregate expenditures in a private closed economy:________
zhenek [66]

Answer:

The answer is letter B.

Explanation:

Planned investment will exceed saving

5 0
3 years ago
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