All categories

3 years ago

When the "invisible hand" guides economic activity, prices of products reflect______________.

Business

1 answer:

FinnZ [79.3K]3 years ago

7 0

Answer:

b) both the values that society places on those products and the costs to society of producing those products

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

You might be interested in

What is the total cost for an item that costs $140.00 and has a sales tax rate of 7.5%?

riadik2000 [5.3K]

<span>$140.00 x 0.075 = $10.50

Hope this helps!

</span>

5 0

3 years ago

Which of the following is a way to track your money?

Olin [163]

All of the above is the best answer

4 0

3 years ago

#21 A 0.30 kg softball has a velocity of 15 m/s at an angel of 35o below the horizontal just before making contact with the bat.

FrozenT [24]

Answer:

a) 5 kg m/s

b) 10 kg m/s

Explanation:

GIVEN DATA:

mass of softball 0.30 kg

\theta = 35 degree

velocity = 15 m/s

Along the x axis we have

$P_{xf} - P_{xi} = 0 - 0.3(15)cos 35 = - 3.68\hat i kg m/s$

along the y axis we have

$P_{yf} - P_{yi} = -(0.3)20 - 0.3(15)sin 35 = - 3.41\hat j kg m/s$

The magnitude of momentum is

$\Delta P = \sqrt{ (-3.41)^2 + (-3.68)^2} = 5 kg m/s$

b) Along the x axis we have

$P_{xf} - P_{xi} = -0.3(20) - 0.3(15)cos 35 = - 9.68\hat i kg m/s$

along the y axis we have

$P_{yf} - P_{yi} = -0 - 0.3(15)sin 35 = -25.58\hat j kg m/s$

The magnitude of momentum is

$\Delta P = \sqrt{ (-9.68)^2 + (-2.58)^2} = 10 kg m/s$

8 0

3 years ago

"Bishop, Inc., is obligated to pay its creditors $6,500 during the year. (Leave no cells blank - be certain to enter "0" whereve

RSB [31]

Answer:

Explanation:

It is given that there is a liability to creditors of 6,500

Total assets = Total liability + Shareholder's equity

a) Shareholder's equity = Total assets - Total liability = 10,250 - 6,500 = 3,750

b) Shareholder's equity = Total assets - Total liability = 5,900 - 6,500 = -600

4 0

3 years ago

LO.8, 9 Broadbill Corporation (E & P of $650,000) has 1,000 shares of common stock outstanding. The shares are owned by the

GarryVolchara [31]

Question Continuation

Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.

Tammy and Jeremy are grandmother and grandson.

Answer:

See Explanation Below

Explanation:

Given.

Tammy number of shares = 300

Yvette number of shares = 400

Jeremy number of shares = 300

Each of the shareholders paid $50 per share.

Tammy's Ownership is calculated by; (300+300)/1000

= 600)1000

= 60% ---- before redemption

Tammy's Ownership = (150 + 300)/850

Tammy's ownership = 450/850

Tammy's Ownership = 52.94% ---- after redemption

The constructive ownership of Tammy is more than 80%, this means that the distribution is considered as income to Tammy

3 0

3 years ago