All categories

3 years ago

An economy is created by the interactions between which two groups of people? (Select the best answer.)

Business

2 answers:

Veronika [31]3 years ago

8 0

<span>An economy is created by the interactions between producers and consumers.</span>

marishachu [46]3 years ago

8 0

Answer: Producers and consumers

Explanation:

An economy is the term which refers to the system of the production, distribution, trade and the consumption different types of services and the product in the specific area.

Economy is basically created by the producers and the consumers interactions. In most of the economics, the money of the services the different types of products are paid by the consumers.

As, the consumer is the person that buys the services and the product to run its company and organization. The producer is the person who produces the different types of products and services.

You might be interested in

Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg

goldenfox [79]

Answer:

the value of the MktRS (market rate of substitution) is 0

Explanation:

The computation of the market rate of substitution is shown below:

Since it is mentioned that

You like apples half as pears

So the equation would be

X = 1 ÷ 2 Y

X ÷ Y = 1 ÷ 2

Now the market rate of substitution of the price is

= $2 ÷ $4

= 1 ÷ 2

So,

= 1 ÷ 2 - 1 ÷ 2

= 0

Hence, the value of the MktRS (market rate of substitution) is 0

The same is to be considered

3 0

3 years ago

A good reason for cutting meats and poultry into thin slices for sandwiches is that

stiks02 [169]

<span>A good reason for cutting meats and poultry into thin slices for sandwiches is that thin cuts are more delicate, a sandwich produced using dainty cuts is less demanding to eat and many thin cuts make a thicker sandwich than maybe a couple thick cuts of a similar aggregate weight.</span>

7 0

3 years ago

Jing Company was started on January 1, Year 1 when it issued common stock for $36,000 cash. Also, on January 1, Year 1 the compa

san4es73 [151]

Answer:

$716 and $12,300

Explanation:

Original Cost = $16,000 + $2,100

Original Cost = $18,100

Double decline rate = 100/5*2

Double decline rate = 40%

First Year Depreciation = $18,100*40%

First Year Depreciation = $7,240

Second Year Depreciation = $18,100*60%*40%

Second Year Depreciation = $18,100*0.60*0.40

Second Year Depreciation = $4,344

Third Year Depreciation = ($18,100 - $7,240 - $4,344 -$5,800)

Third Year Depreciation = $716

Accumulated Depreciation = $7,240 + $4,344 + $716

Accumulated Depreciation = $12,300

5 0

3 years ago

1) The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the f

Olenka [21]

Answer:The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the firm will experience (beginning now) an unusually high growth rate (20%) during the period (3 years) when it has exclusive rights to the property where this rock can be found. However, beginning with the fourth year the firm's competition will have access to the material, and from that time on the firm will assume a normal growth rate of 8% annually. During the rapid growth period, the firm's dividend payout ratio will be relatively low (20%), to conserve funds for reinvestment. However, the decrease in growth will be accompanied by an increase in dividend payout to 50%. Last year's earnings were $2.00 per share (E0) and the firm's cost of equity is 10%. What should be the current price of the common stock?

Explanation:

5 0

3 years ago

Burlan Paints, manufacturer of paints for both interiors and exteriors, prices its products differently in various international

belka [17]

Answer: Market-differentiated

Explanation:

The market differentiated pricing strategy is one of the type of business strategy in which the organization produces various types of products and the services in the market.

By using this type of strategy many companies produced the unique products so that the consumers are get attracted by the business services. The market differentiated strategy provide various types of benefits as it makes the product distinct and unique from the other products and the services in the market.

According to the question, Burlan paints is one of the paints manufacturer that implementing the market differentiated pricing strategy for the pricing products.

Therefore, Market-differentiated is the correct answer.

7 0

4 years ago