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3 years ago

People who make goods and services are called _____ . consumers producers investors

Business

2 answers:

e-lub [12.9K]3 years ago

8 0

Answer:

these are called producers.

Explanation:

xz_007 [3.2K]3 years ago

6 0

PRODUCERS are the people who make goods and services.

Producers produce the products. Consumers consume the produce provided by the producers. Investors invest in a business that enables the producer to produce products that are consumed by consumers.

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1. Match each term with the correct definition. LO1.1 economics opportunity cost marginal analysis utility a. The next-best thin

Stolb23 [73]

Answer:

d. Making choices based on comparing marginal benefits with marginal costs

Explanation:

Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.

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4 years ago

As a result of the Tax Cuts and Jobs Act, under Federal tax law the tax preparation fees deduction are suspended in tax year 201

fenix001 [56]

Answer:

$300

Explanation:

California tax law continue to allow miscellaneous itemized deductions subject to 2% of Federal AGI

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3 years ago

You have the following data on (1) the average annual returns of the market for the past 5 years and (2) similar information on

Lubov Fominskaja [6]

Answer:

d. bA < 0; bB = 0.

Explanation:

The possible answers that best describes the historical betas for A and B is bA < 0; bB = 0 because an average annual return for stock B is stable and constant, its beta would be zero. An average annual return for stock A is higher once market’s average annual return is lower or lesser in which therefore indicates that its beta is negative.

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3 years ago

Marlo Stanfield's operation also uses large quantities of prepaid cell phones, on average 1500 per week with a standard deviatio

Likurg_2 [28]

Answer:

option (A) 251 phones

Explanation:

Data provided in the question:

Average quantities of prepaid cell phones used = 1500 per week

Standard deviation, s = 145

Lead time for their own brand of prepaid cell phones, L = 3 weeks

lot size = 350 phones

Safety stock = 500 phone

Now,

The standard deviation of demand during lead time will be

= Standard deviation × $\sqrt{\textup{Lead time}}$

= 145 × √3

= 251.14 ≈ 251 phones

Hence,

The correct answer is option (A) 251 phones

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3 years ago

Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he

yKpoI14uk [10]

Answer:

B) Entrepreneurship and knowledge

Explanation:

For Darnell, labor is readily available. The many locations where he can set up his business represents land. He is sure to get start-up funds, which is capital. Out of the four factors of production, he now needs entrepreneurship skills and knowledge.

Entrepreneurship is the art of creating a new business and managing it to profitability. It involves taking risks associated with pursuing a business opportunity. Darnell is the entrepreneur in this case. He has to coordinate all the other factors of production and make them work as a unit. He needs the knowledge to start and manage the business to make it successful.

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3 years ago