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3 years ago

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The united states can use all its resources to produce 250 dvds or 500 shoes. china can use all of its resources to produce 30 d

vds or 300 shoes. the opportunity cost of producing a dvd in the united states is

1 answer:

Darina [25.2K]3 years ago

8 0

It is two shoes. Leave a thanks if it benefited you!

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Which of the following best describes how consumers make financial decisions in a market economy? A. The media forces consumers

notka56 [123]

Answer:

B. They make choices based on their self-interests.

Explanation:

A market economy can be defined as the economy of a country where by the government has a minimal influence or intervention on how the market operates.

A market economy is regulated by the individuals that owns the businesses in that economy. These individuals have the ability to direct resources that they need from production to their firms and businesses.

A market economy is largely or greatly influenced and regulated by the rate of supply and demand. Consumers in a market economy have to sometimes paid a high price for the goods and services that they require. Consumers make financial decisions in a market economy by making their choices based on self interests.

A market economy is a very competitive economy because

a. the demand of goods and services by consumers have increased therefore this results in an increase in production of goods and services.

b. The producers tend to high innovative when producing this goods and services required by the consumers.

In a market economy, businesses and firms tend to have an increased of a very high rate of efficiency when producing goods and services such that they minimise or lower the cost of production while ensuring that they make high or huge amounts of profits.

4 0

3 years ago

Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?

IgorC [24]

The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.

If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.

Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.

Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.

To know more about marginal cost curve here:

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1 year ago

If denied a loan, which of the following changes to your application process will not increase your chances of approval when you

fredd [130]

Answer:

a. Apply for a larger loan amount.

Explanation:

In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names

Hence, the option a is correct

6 0

3 years ago

What characteristics of an organizational structure and culture are best suited to achieving a cost-leadership strategy

S_A_V [24]

An informal type of organizational structure is one best suited for achieving a cost-leadership strategy especially when the managers is promoting innovation.

<h3>What is a cost leadership strategy?</h3>

This is a cost strategy that relies on a firm's ability in using a lower costs of production to offer quality products at low prices.

These type of strategy is best achieved with an informal type of organizational structure & culture.

Read more about cost leadership strategy

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2 years ago

Thomas collects dimes and quarters in his change jar. if he has 4 more dimes than quarters, and the total amount of money in the

Gelneren [198K]

There are 75.29 quarters and 79.29 dimes in the jar.

Given,

In his change jar, Thomas collects dimes and quarters.

So if he has 4 more dimes than quarters, and the total amount of money in the jar is $26.30

Thus,

Let, x be the number of dimes.

And y be the number of quarters.

If Thomas has 4 more dimes than quarters,

y = x + 7

On the other hand, the total amount of money in the jar is $26.30.

0.24x + 0.10y = 26.30

Substitute the value of y in the given equation 2

0.24x + 0.10y = 26.30

0.24x + 0.10 (x+7) = 26.30

0.24x + 0.10x + 0.7 = 26.30

0.34x = 26.30 - 0.7

0.34x = 25.6

x = 25.6 / 0.34

x = 75.29

Substitute the value of x in the given equation 1

y = x + 4

y = 75.29 + 4

y = 79.29

Hence, there are 75.29 quarters and 79.29 dimes in the jar.

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1 year ago