Complete Question:
The "invisible hand" using Adam Smith's terminology refers to
a. government control of the market.
b. market forces working through the price mechanism.
c. the money supply that serves to keep the economy working smoothly.
d. the role of innovation in maintaining a steady rate of growth.
e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
Answer:
The "invisible hand" using Adam Smith's terminology refers to Market forces working through the price mechanism.
Explanation:
The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.
Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.
An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.
giving health care and paying salary
Answer:
buying a franchise of a well-established restaurant.
Explanation:
A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet. The rights that a franchisee acquires include business name, logo, business and operating models. Examples of known franchises are MacDonald, subway, and Starbucks.
The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name. Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers, a management model, and a chance to succeed.
The tax sheltered prgrma to encourage self employed people to acculumlate reitment funds is called Keogh plan.
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated organizations for retirement functions. A Keogh plan can be set up as both a defined-benefit plan or a defined-contribution plan, though maximum plans are set as the latter. A Keogh plan is a type of retirement investment account for self-employed people and business owners. Contributions to a Keogh plan are made pre-tax, while withdrawals in retirement face income tax. Positive sorts of Keogh plans may have higher contribution limits than other retirement debts.
A Keogh plan (is a tax-deferred pension account for self-employed people and employees of unincorporated businesses. Like IRAs, an worker can also put almost available investment into a Keogh plan, and the investment earnings develop on a tax-deferred basis.
Learn more about Keogh plan here:-
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Answer:
Q = 450
P = 35
Explanation:
TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q
Then, Cost = (30Q + 1,000)
Profit: Total revenue - C
-0.1q2 + 75Q - 30q - 1,000 = -0.1q2 + 45q - 1,000
as this is a quadratic function we identify a b c:
a= -0.1 b = 45 x = -1000
the profit maximum point is at the vertex:
-b/2a = -45/ 2(-0.1) = -45/-0.1 = 450
The profit maximize at Q = 450
P = 75 - 0.1x450 = 35
