Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
<span>One variable is demand, which states that the inventory item of interest has a constant demand per period.
Demand is the insistent request of an item. When demand changes of a good or service, it changes the companies revenue because when the item is in high demand, they often sell a lot. On the other hand, when an item is in low demand, they do not sell very much. </span>
Answer:
The answer is: 10 Snickers bars and 20 cans of Coke.
Explanation:
To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>
