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Alisiya [41]
3 years ago
8

Milton Friedman argues that businesses:

Business
1 answer:
devlian [24]3 years ago
8 0

Answer:

A . Should avoid social responsibility whenever it is possible to do so.

Explanation:

Under the shareholder theory as suggested by Milton Friedman, a corporation should not engage in any type of philanthropy, since that is not its purpose. Instead, the corporation can deliver dividends to its shareholders, who then have the option to donate the money for philanthropic purposes, if they choose to do so.

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Suppose a ten firm industry has total sales of​ $35 million per year. The largest firm have sales of​ $10 million, the third lar
lyudmila [28]

Answer:

0.66

Explanation:

the fourfirm concentration ratio is the sum of the concentration ratio of the four largest firms in the industry.

The sales of the second largest firm = $35 million - ( $10 million + $4 million+ $2 million + $12 million ) = $7 million

concentration ratio of firm 1 = $10 million / $35 million = 0.29

concentration ratio of firm 2  = $7 million / $35 million = 0.2

concentration ratio of firm 3 = $4 million / $35 million = 0.11

concentration ratio of firm 4 = $2 million / $35 million = 0.06

Adding the ratios together = 0.66

3 0
2 years ago
1. What is the lowest balance during this period?
RSB [31]
Actually for this type of question simply take a picture
Yah and the and is use a calculater
4 0
3 years ago
2. Explain what happens to the demand curve
astraxan [27]

Answer:

The law of demand states that consumers will request more of a product if its price decreases. For supplement goods, an increase in the price of one will increase demand for the other. The demand curve for apples will react as follows.

Explanation:

<u>A). More people begin to prefer apples to oranges.</u>

Should peoples' preference change to apples, the demand for oranges will decrease while that of apples will increase. The demand curve is downward sloping. If demand increases, the demand curve will shift to the right. It is also referred to as moving outwards. In this case, the demand curve for apples will shift to the right.

B) <u>The price of peaches rises (because peaches are a substitute for apples).</u>

Substitutes imply a good can be used in place of another. If the price of a substitute increases, it demands decreases. The demand for the substitute good will go up. An increase in the price of peaches will increase the demand for apples. As a result, the demand curve will shift outwards. In other words, shift to the right.

C. People's incomes rise (and apples are a normal good).

Demand for normal goods increase as the people's income rises. More people will afford to buy apples. If people are now earning more, the demand for apples will go up. The demand curve will shift to the right to indicate a surge in demand.

5 0
3 years ago
an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item​
Mila [183]

Answer:

32

Explanation:

Using Formula

Cost + (Cost*Margin) = Selling Price

Cost is not known...

Cost (1 + Margin) = Selling Price

Cost = Selling Price / 1 + Margin

Here, Margin is 0.45 of cost and selling price is 46.4

Cost = 44.4 / 1.45

Cost = 32

4 0
3 years ago
Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enf
WARRIOR [948]

Answer:

ratifies it

Explanation:

7 0
2 years ago
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