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4 years ago

According to noted economist Thomas Piketty:

Business

1 answer:

klasskru [66]4 years ago

7 0

Answer:

b. CEOs should not earn much more than 10-20 times the earnings of the company's average salary.

Explanation:

Thomas Piketty was a French economist born on the 7th of May, 1971 in Clichy, France.

In 2013, Thomas Piketty published a book "Capital in the Twenty-first Century." The book focused on the wealth and income inequality from the 18th century in United States of America and Europe.

According to the notable economist Thomas Piketty, the Chief Executive Officers (CEOs) of an organization shouldn't earn much more than 10-20 times the earnings of the company's average salary.

He argues that this would help to spread wealth among the citizens (employees) rather than a minority of the larger population.

Thomas Piketty's argument was based on the formula that relates rate of return on capital (r) to economic growth (g).

Rate of return on capital (r) are dividends, profits, interests and rent from capital while economic growth (g) is measured by the nation's income.

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Town A, in one hour, can produce either 4 hotdog buns, or 10 sausages. Town B, in one hour, can produce either 8 hotdog buns, or

katrin [286]

Answer:

The answer is 27 hours

Explanation:

Solution

The Comparative advantage depends on production of the lower opportunity cost

The opportunity cost of a production is =maximum production of other good /maximum production of the good

Now,

The opportunity cost of hot dog bun for town A =10/4=2.5

Thus,

The opportunity cost of hot dog bun for town B=6/10=0.6

So,

The town B has a comparative advantage in hot dog buns and A in sausages

Town A will produce-only sausages and it will take the time of

time in hours =total required a quantity of the good /number of products in an hour

Now,

The time for Town A for sausages=120/10=12 hours

The time for Town B for hot dog buns=120/8=15 hours

Therefore, The total time =12+15=27 hours.

6 0

3 years ago

A ________ is a collection of tasks, steps, or activities that are performed, usually in a specific order, and result in an end

harina [27]

Answer:

Explanation:

A process is a collection of tasks,steps,or activities that are performed

3 0

2 years ago

Mary sells T-shirts in a stall at the shopping centre. When she charges £15 per T-shirt she does not sell anything, however she

Maksim231197 [3]

I think D is the correct answer

4 0

3 years ago

If one-year nominal interest rate in the U.S. is 3%, while the one-year nominal interest rate in Australia is 5%. The spot rate

Mariana [72]

Answer:

to get 5,00,000 australian dollar at the forward rate we are goign to need 4,704,000 US dollars

Explanation:

spot x (1 + (US rate - Australia rate) x time)

0.96 x (1+(0.03-0.05)x1 year) =

0.96 x 0.98 = 0.9408 forward exchange rate

$5,000,000 Australian Dollar * 0.9408 = 4,704,000 US dollars

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3 years ago

Henry Spring, a chef at a major restaurant in San Francisco, wants to start his own restaurant. He surveys the market, finds a s

just olya [345]

Answer:

A)Capital

Explanation:

Cpatial is one of the factors of production. Capital includes all man made resocurces used in the production process. They include money, equipment and resocurces.

Other factors of production mentioned in the question are :

Henry- the entrepreneur

Building- land

I hope my answer helps you

7 0

3 years ago