1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frez [133]
3 years ago
13

What is the role of consumers and producers in a free market system

Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer:

Consumers buy and use the products that producers make and sell to the public. So the roles are consumers=buy while producers=make.

You might be interested in
You are in a room with 2 doors and 2 guards. One of the doors will guide you to freedom and behind the other is a certain doom -
love history [14]

Answer: If you asked the truth-guard, the truth-guard would tell you that the liar-guard would point to the door that leads to death. If you asked the liar-guard, the liar-guard would tell you that the truth-guard would point to the door that leads to death. Therefore, no matter who you ask, the guards tell you which door leads to death, and therefore you can pick the other door.

Explanation:

5 0
3 years ago
Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through. This strategy is c
Alika [10]

Answer:

Economies of scale

Explanation:

Economies of scale is described as the cost benefit or advantage which is experienced through the firm, when it rises the output level. Under economies of scale, the fixed costs did not vary or change with decreases or increases in the units of the production volume and the variable costs are dependent with rise in the output.

So, in this case, when the circumference is doubled of the oil pipeline, more than the volume doubles. This technique is selected through the large firms or business as it will result in the economies of scale.

4 0
3 years ago
Jim is one of several general partners who own beef n beer, a small chain of restaurants located in missouri and illinois. jim i
navik [9.2K]
If Jim was able to convince other partners to go along with his idea, then it is most likely that the beef n beer will could have the ability to gain shares of ownership traded on a stock exchange, it could be same as a corporation because the corporation could provide that. For having a master limited partnership enables Jim to have publicly traded securities, as well as having benefits in terms of the tax.
5 0
3 years ago
Which of the following represent features of evidence-based practice?
Delicious77 [7]

Answer:

all of the above

Explanation:

All of these represent features of evidence-based practice (EBP). It is now common for insurance companies to adjust the services they will pay for based on EBP guidelines.

7 0
3 years ago
Read 2 more answers
Michael Anderson is starting a computer programming business and has deposited an initial investment of $15,000 into the busines
Darina [25.2K]

Answer:

a.increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital)

Explanation:

we solve this using the accounting equation

Assets = Liabilities + Equity

The cash would represent currency own by the company. That is the definition of assets. Something own by the company that either is cash or can be converted into cash in the future or help to provide an inflow of cash.

Now, as Asset increase by 15,000 the other side must also increase.

The company has no liability against the owner Thus this will be an equity account Which precisely, it represent the capital of the owners.

5 0
3 years ago
Other questions:
  • Rosy's Sweet Treats is a small-scale restaurant that gets its supplies from Widget Suppliers that takes legal possession of the
    9·1 answer
  • Your roommate, Allison Albright, is a non-business major. When she discovered that you are taking a course in Organizational Beh
    15·1 answer
  • Firms with high capital intensity ratios have found ways to lower this ratio permitting them to achieve a given level of growth
    6·1 answer
  • what is the key incentive that drives business owners to make sure their firms are operating at their highest level of efficienc
    13·2 answers
  • What would be a best practice when managing the merchandise at a store?
    8·2 answers
  • For a perfectly competitive industry with identical firms, the long-run industry supply curve is: perfectly elastic. horizontal.
    14·1 answer
  • chapter 13Identify the type of cash flow activity for each of the following events (operating, investing, or financing). The com
    11·1 answer
  • (a) Taking into account all of the information in the case study above, would you advise Mary-Ann and Sally to become a limited
    6·1 answer
  • Last year during the beginning of the Pandemic, name 5 household products people were hoarding?
    15·2 answers
  • What type of segmentation categorizes consumers on the basis of the outcomes they hope to derive from a product or service
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!