Answer:
The correct answer is (A)
Explanation:
Marginal benefit and marginal cost are two important factors to make a decision. If the marginal benefit of meeting a friend is higher than the marginal cost I will keep running to meet a friend. Because I am tired, I want the marginal benefit to exceed the marginal cost. In case I am not tired I will choose to meet the friend if MC=MR.
Answer:
D) 12;3
Explanation:
The average duration of unemployment in Jekyll is 12 month and 3 months in Hyde. The total employees in Jekyll are 2000 out of which 500 are not employed during the entire year. The calculation will be as,
For Jekyll town,
(500 unemployed labors * 12 months) / 500 unemployed employees
= 12 months.
For Hyde town,
(2000 employees * 3 month unemployed) / 2000 employees
= 3 months.
Answer:
C)capitalist
Explanation:
Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.
The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.
Answer:
Explanation:
Economics is a social science needed with the production, distribution, and consumption of goods and services. It studies how we, businesses, governments, and nations make choices about how to assign resources.
Answer:
Companies HD and LD
Since Company HD has the higher total debt to total capital ratio, the statement that is CORRECT is:
B) Company HD has a higher return on equity than company LD.
Explanation:
Return on Equity (ROE) is a financial measure of how well a company's management deploys shareholders' capital. A higher ROE can be a result of high financial leverage, meaning that more debt than equity is being used to generate the returns. Note that too much leverage poses solvency risks.
