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viva [34]
3 years ago
8

In capitalism, what does competition do for consumers?

Business
2 answers:
max2010maxim [7]3 years ago
8 0

It keeps prices fair for consumers who are trying to buy there products.



- R3KTFORGOOD ☕

asambeis [7]3 years ago
7 0

Competition of different companies gives consumers a wider variety of products to choose from when buying. For example, if a rival company of a lawnmower company joins in, they would be contesting for consumers who are trying to buy a new lawnmower. This may lead to the companies trying to compete by offering different services, warranty, lower prices, etc.

~

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Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in pr
Daniel [21]

Answer:

A. 0.24

Explanation:

From the question ,  

The probability that mutual funds A will rise is 40 % , i.e. , P ( A ) = 0.40  

The second statement given is , the probability of rise in B with A , is 60% , i.e. , P ( B | A )  = 0.6

Therefore , to calculate the probability that both funds will increase is given by P( B n A ) .

Since ,  

P ( B | A ) = P (B n A) / P(A)

Now, putting the respective values -

0.6 = P(B n A) / 0.4

rearranging ,  

P (B n A) = 0.6 * 0.4

P(B n A) = 0.24

probability that both the fund A and fund B will rise in price = 0.24 .

6 0
3 years ago
Private ownership differs from state ownership in that in private ownership _____.
MAVERICK [17]

Answer:

The correct answer is letter "A": maximizing profits is the primary objective of a firm.

Explanation:

Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.

5 0
3 years ago
Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials
Luda [366]

Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of  direct costs.

Manufacturing cost is known to be the amount of costs of all resources taken into the process of creating a product. The manufacturing cost is grouped into three categories called: direct materials cost, direct labor cost and manufacturing overhead.

Learn more about manufacturing costs  from

brainly.com/question/13767214

4 0
2 years ago
Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,5
olga nikolaevna [1]

Answer:

D. $605,500

Explanation:

The computation of the expected balance in retained earnings on the 2018 is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $533,500 + $112,000 - $40,000

= $605,500

We simply applied the above formula so that the ending balance could arrive by considering all the items given in the question  

3 0
3 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $85,900 and liabilities of $13,500. The fair value of the assets is
cestrela7 [59]

Answer:

$7,120

Explanation:

Given that,

Assets = $85,900

Liabilities = $13,500

Fair value of assets = $90,500

Fair value of its liabilities = $13,500

Amount paid to acquire all of its assets and liabilities = $84,120

Net assets:

= Fair value of assets - Fair value of its liabilities

= $90,500 - $13,500

= $77,000

Goodwill = Purchase consideration - Net assets

               = $84,120 - $77,000

               = $7,120

8 0
3 years ago
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