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3 years ago

The invisible hand of the marketplace acts to allocate resources Group of answer choices

Business

1 answer:

Zinaida [17]3 years ago

5 0

Answer:

The correct answer is letter "A": efficiently but does not necessarily ensure that resources are allocated fairly.

Explanation:

Scottish economist and philosopher Adam Smith (<em>1723-1790</em>) coined the term invisible hand to give meaning to the unseen force the moves the free market economy. According to the theory, the interest of society is achieved by freedom of consumption and production. It means that the market will find the equilibrium point without the need for government intervention, which could allocate goods or services efficiently but not necessarily fairly.

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All that blooms provides environmentally friendly lawn services for homeowners. its operating costs are as follows. depreciation

babunello [35]

To get the break-even point, the Total Cost must equal to the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and Incremental Costs. Fixed costs are depreciation, advertising and insurance which is equal to $5,871 per month. Incremental Costs are weed and feed materials, direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is equal to $89 per lawn. Letting “N” to be the break-even point in number of lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating N, the break-even number of lawns is equal to 103.

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3 years ago

Which of the following is not a financial intermediary?

EastWind [94]

Answer:

Commercial business.

Explanation:

An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.

Banks.

Mutual savings banks.

Savings banks.

Building societies.

Credit unions.

Financial advisers or brokers.

Insurance companies.

Collective investment schemes.

cooperative societies

Stock exchanges

Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.

4 0

3 years ago

Actual sales volume for a period is 5,000 units. budgeted sales volume is 4,500. actual selling price per unit is $15 and budget

olganol [36]

Actual sales volume for a period is $5,000$ units. budgeted sales volume is $4,500$ . actual selling price per unit is $ $15$ and budget price per unit is $ $15. 75$ . the sales price variance is $ $3,750$

Sales Price Variance:

The term "sales price variation" describes the discrepancy between a company's anticipated price for a good or service and the amount that was actually paid for it.

Reduced competition, higher sales price realization, general inflation, a sudden rise in product demand, etc. are a few potential reasons for a favorable sales price variance.

Sales Price Variance = (Actual Sale Price – Standard Sale Price) × Actual Quantity Sold.

Calculation of the Sales Price Variance :-

Sales Price Variance = ( Actual price $-$ Budgeted price)× Actual quantity

Sales Price Variance = $( $15 - $15.75) * 5,000$

Sales Price Variance = $ $3,750$ Unfavorable.

Learn more about Sales Price Variance here

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8 0

2 years ago

Problem 15b.) Suppose that, three years ago, the small town of Middling experienced a sudden doubling of the birth rate. Today,

sweet-ann [11.9K]

Answer: to consider 14 years into the future "There will be a rightward shift of the supply curve for babysitting services 14 years from now, which will result in a higher equilibrium price and a higher equilibrium quantity". Which means option "A" is most correct.

Explanation: We shall Analyse the scenario in steps for your easy understanding and clarification.

STEP 1: In 14 years time the babies born during the child birth rate increase will start giving birth, and the babies born today will become they babysitter.

STEP 2: babies born three years ago are twice babies born today.

STEP3: The twice rate of babies born three years ago will want the normal rate of babies born today to serve them as babysitter.

STEP 4: In 14 years time, the parents that will need the service of baby sitters will be twice the available babysitter, because the parent in 14 years time are the ones born during the child birthrates increase. And the babysitter will be the one born today, during the normal child birth rate.

Form the analysis in the steps we can see that, they will be an increase in the demand of babysitter in 14 years time, which may lead to increase in price, Therefore, they will be an increase in the quantity of services needed.

There will be a rightward shift of the supply curve, because the curve will start from babysitting service when demand was normal to when demand comes high and then back to normal.

NOTE: The quantity in this scenario is not the quantity of babysitter available, but the quantity of parents in need of babysitter service.

THEREFORE FOR BABY SITTERS SERVICES, AS THE EQUILIBRIUM QUANTITY INCREASE, THE EQUILIBRIUM PRICE INCREASE TOO.

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3 years ago

A key disadvantage of exchange-rate targeting is the targeting country can no longer pursue its own independentmonetary policy a

Minchanka [31]

More advantages when domestic monetary and political institutions are not conducive to good monetary policy making.

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3 years ago