In a free market system, the what, how and for whom questions in economics are determined by Market forces of demand and supply together. Hence, option B is correct.
<h3>What is
a free market system?</h3>
Taxes, quality controls, quotas, tariffs, and other centralized government economic interventions either don't exist or are very minimal in a free market, an unrestrained system of economic exchange.
In a free market, no one is forced to participate, and transactions are started voluntarily. According to economic theory, the price mechanism, competition, and forces of supply and demand are the best ways for free markets to distribute goods and capital.
Thus, option B is correct.
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<span>The answer is false. A rational decision maker does not only takes an action if and only if the marginal cost exceeds the marginal benefit.
</span><span>The rational decision maker has a multi-step process, from problem identification through the solution, for making logically sound decisions.</span>
Knowing how to find workable solutions to problems can help you stay on track to meet your goals
Answer:
$27,692.31
Explanation:
Principle amount = $2.34 million = $2,340,000
Time, n = 6 years = 72 months
Rate of interest = 5.33%
Monthly rate of interest, r = 5.33% ÷ 12 = 0.44% = 0.0044
Compounded monthly
FV of Annuity = ( Monthly deposits ) × { [ ( 1 + r )ⁿ - 1 ] ÷ r }
or
$ 2,340,000 = ( Monthly deposits ) × { [ ( 1 + 0.0044 )⁷² - 1 ] ÷ 0.0044 }
or
$2,340,000 = ( Monthly deposits ) × { [ 1.3718 - 1 ] ÷ 0.0044 }
or
$2,340,000 = ( Monthly deposits ) × [ 0.3718 ÷ 0.0044 ]
or
$2,340,000 = ( Monthly deposits ) × 84.5
or
Monthly deposits = $27,692.31