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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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The fact that business customers purchase products to be used directly or indirectly in the production of goods and services to
Monica [59]

Answer:

The correct answer is C

Explanation:

Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.

And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.

So, the needs of the customer states that the demand for the business product is derived.

8 0
3 years ago
Manufacturers use wholesalers and retailers becauseA. they have no other choice.B. they do not cost much.C. they create value fo
KiRa [710]

Answer:  Option C

Explanation: Manufacturers refers to the entity producing a good while wholesaler are the second in supply chain who procures the product from manufacturer in bulk.

The retailer is the entity that deals with the final consumer in the market. The retailer creates value to the customer by making the product available in small distance, and in timely manner.

Thus, the retailer is sued by manufacturer and wholesaler as they create value to the customer.

4 0
3 years ago
If you wanted to find out what the average salary is for a certain occupation, what could you do?
Ksju [112]
I would find the maximum amour U would get for the job and the lowest. Then add the both values and divide by 2.
3 0
3 years ago
A recent income statement of McClennon Corporation reported the following data:
arsen [322]

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

7 0
3 years ago
Economic cost can best be defined as Multiple Choice any contractual obligation that results in a flow of money expenditures fro
Novay_Z [31]

Answer:

The income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic cost refers to the cost that is attached with the goods and it is attach by one of the individual. It takes into account various factors such as time, money and other costs.

Economic cost is differ from the accounting cost because accounting cost only includes explicit costs but economic cost includes both explicit costs and implicit costs (opportunity costs).  

7 0
3 years ago
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