A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.
B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."
C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.
D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.
Answer: Enterprise Resource Planning (ERP)
Explanation:
Enterprise Resource Planning (ERP) is defined as the strategy software through which operation of business are managed and processed.It uses integrated applications in system for carrying out and handling business functions.
It helps in reduction in human labor for gathering information and data by creating centralized business database for making efficient decision. Advantages of ERP are providing technological services,easy work-flow, handling core functions of business etc.
Answer:
The answer to this question is Option A. Dave's production function change
Explanation:
production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs).
The expansion of Dave's Dogs will cause its production function to change as a result of increase in the quantity of goods produced and an increase in the factors of production employed.
Hence the answer is A. Dave's production function change
Answer:
option (A) $11,000
Explanation:
Given;
Miles drove in first year = 15,000
Miles drove in second year = 22,000
Cost of the truck = $175,000
Residual value = $25,000
Estimated life = 10 years or 300,000 miles
Now,
using the activity based method
Rate of depreciation per mile driven =
or
Rate of depreciation per mile driven =
or
= $0.5 per mile
also,
Number of miles driven in second year = 22,000 miles
Hence,
Depreciation for the second year
= Depreciation rate × Number of miles driven in second year
= 0.5 × 22,000
= $11,000
Hence,
The correct answer is option (A) $11,000