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nevsk [136]
3 years ago
11

In which type of economy are the largest variety of goods and services produced? A. market B. command C. traditional D. demand

Business
1 answer:
Scrat [10]3 years ago
8 0

Answer:

A. Market

Explanation:

An economy can be defined as an inter-related process of production between producers (manufacturers), distributors and consumers of goods and services, which primarily determines how scarce resources are used or allocated in a specific country. There are four (4) main types of economy and these are;

1. Traditional economy.

2. Mixed economy.

3. Command economy.

4. Market economy.

<em>A type of economy in which the largest variety of goods and services are produced is a market economy because their prices are mainly determined or dependent on supply and demand.</em>

This ultimately implies that, both supply and demand influence economic decisions such as what goods are to be produced, how many should be produced, what price should they be sold, distribution method to be used, who buys the goods etc.

Hence, a market economy is relatively free of government intervention, as well as government interference with profits and the factors of production such as land, labor, capital etc.

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Answer:

Explanation:

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2 years ago
Please answer the following:
Anarel [89]

Answer:

Depreciation expense Office equipment = 1,200.00

Depreciation expense Computer equipment = 5,000.00

Explanation:

The difference between accumulated depreciation represents the depreciation charge that was made during the first quarter of the 2018 accounting year.

Then depreciation charges for the first quarter are calculated as follows:

Depreciation expense Office equipment = 800 – 400 = 400

Depreciation expense Computer equipment = 2,500 – 1,250 = 1,250

Since there are 4 quarters in an accounting year, the depreciation charge in 2018 is calculated as follows:

Depreciation expense Office equipment = 400 * 4 = 1,200

Depreciation expense Computer equipment = 1,250 * 4 = 5,000

6 0
3 years ago
Suppose your principal objective is to maximize the selectivity of monochloroethane production relative to dichloroethane produc
Makovka662 [10]

We are given the series of chemical reactions:

Ethane is chlorinated in a continuous reactor:

C2H6 + Cl2 --> C2H5Cl + HCl

 

But some of the product monochloroethane becomes further chlorinated by an undesired side reaction:

C2H5Cl + Cl2 --> C2H4Cl2 + HCl 

 

So to avoid the product monochloroethane to be further chlorinated, there must be fast processing or fast conversion of ethane so that there would less time for further chlorination. Hence we must design the reactor for high conversion of ethane.

 

To make the process economical, there must be a downstream separation step that would separate the main product monochloroethane from the undesired product dichloroethane.

4 0
3 years ago
Equestrain Roads accepted a customer's $50,000 zero-interest-bearing six-month note payable in a sales transaction. The product
babunello [35]

Answer:

$4,000

Explanation:

The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000)  will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.

3 0
2 years ago
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Ivenika [448]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.

Mountain has recorded the following for the past nine months:

January:

Number of Cavities= 375

Total cost= $5,300

February:

Number of Cavities  500

TC= 5,850

March

Number of Cavities 350

TC= 5,200

April

Number of Cavities 600

TC=6,250

May

Number of Cavities 325

TC= 5,150

June

Number of Cavities 475

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July

Number of Cavities 525

TC= 6,100

August

Number of Cavities  575

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September

Number of Cavities  450

TC= 5,550

A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)

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Fixed cost= LACost - (variable cost per unit* LAUnits)= 5150 - (4.18*325)= 3792

B)  Q= 400

Total cost= 3792 + 4.18*400= $5464

8 0
2 years ago
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