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
Harrizon [31]
3 years ago
10

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
Miniaturization of Wisynco sales?
Dmitriy789 [7]

Explanation:

Wisynco Group Limited has 1,500 total employees across all of its locations and generates $195.02 million in sales (USD).

4 0
3 years ago
The market price for wallets is $20. Your technology is such that at your most efficient production point, the average total cos
Yuki888 [10]

Answer:

ask the manager about the marginal cost.

Explanation:

When a business wants to maximise profit it chooses the level of production that gives maximum revenue at lowest cost. Since the average cost is rising, the manager should ask for the marginal cost of production.

Marginal cost is the extra cost incurred for producing an extra unit of a product.

To maximise profit the manager needs to get a production level at which marginal cost is lowest at highest revenue.

3 0
4 years ago
Read 2 more answers
A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because
ehidna [41]

The activity of the firm contributes to market failure because it leads to negative externlity.

<h3>What is negative externlity?</h3>

Negative externality occurs when the costs of economic activities is greater than the benefits to third parties not involved in production is greater than the benefits.  An example of an activity that generates negative externality is pollution.

To learn more about externalities, please check: brainly.com/question/26266710

6 0
2 years ago
Changes in tariffs and quotas are A) a means of slowing outsourcing. B) corporate strategies designed to maximize profits. C) bu
kicyunya [14]

Answer:

 E) government actions that reduce competition from international firms.

Explanation:

Quotas place a limit on the amount of goods that can be imported.

A tariff is a tax levied on imported goods.

Tariffs and quotas are imposed by the government and they limit the amount of import flowing into a country. This reduces the amount of competition from international firms.

I hope my answer helps you

6 0
3 years ago
The Monarchs Corporation has net income of $175,000.00, interest payable of $5,000.00, interest expense of $3,000.00, and averag
White raven [17]
Just easily subtract like seriously so simple
8 0
3 years ago
Other questions:
  • You are writing a recommendation report on which vendor of audiovisual services to hire for your company's annual conference. Th
    15·1 answer
  • What challenges do you see for a company that wants to implement collaborative SCM systems? How would you meet such challenges?
    14·1 answer
  • Exquisite Expressions is a home decorating company that sells many different household accessories ranging from candles to enter
    14·1 answer
  • Help please.........
    5·2 answers
  • Job A offers you the following financial package: base salary of $35,000, 2 weeks paid vacation, full coverage health insurance
    12·1 answer
  • Ace Inc. is evaluating two mutually exclusive projects—Project A and Project B. The initial investment for each project is $50,0
    10·1 answer
  • Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $252,000.
    7·1 answer
  • Broker A is a sole proprietor. He quits business and goes to work under Broker B. Whose responsibility is it to keep Broker A’s
    13·1 answer
  • Difference between partial equilibrium and general equilibrium in the simplest form​
    15·1 answer
  • The following information pertains to one item of inventory of the Simon Company: Per unit Cost $ 200 Replacement cost 170 Selli
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!