By watching what they spend and keeping track of it. They can also just buy things they need and not what they want.
Answer:
A reduction of $12,500 in net operating income
Explanation:
The net operating income/loss is the difference between the sales and the total costs.
The change in the company's net operating income is the net of the increased commission and the total decrease in salaries. The commission is a variable cost that is dependent on the total number of units sold.
Hence the overall effect on the company's monthly net operating income of this change
= $46,000 - ($9 * 6500)
= ($12,500)
Answer:
$100
Explanation:
the marginal product per dollar spent on labor = 40 units / $20 = 2 units per dollar
the marginal product per dollar spent on capital = 60 units / $30 = 2 units per dollar
the marginal product per dollar spent on land = 2 = 200 / $X
$X = 200 / 2 = 100 ⇒ the cost per unit of land is $100
The marginal product per dollar spent on a factor of production (labor, capital or land) is MP(factor)/P(factor). It measures how many additional units of output can be obtained by spending $1 more in a factor of production.
Answer:
The correct answer is A) Lend support to the invisible hand by maintaining property rights and political stability
.
Explanation:
The absence of the government in legislative tasks related to the market is, therefore, one of the main bases of the economic theory developed by Adam Smith throughout his bibliographical work. For Smith, the leaders must deal with other areas of control more focused on defense or justice, leaving the market to its free operation.
The invisible hand presupposes that there is an inertia by which the market and its self-regulation leads individuals to make the best decisions for the majority of the population to achieve well-being. In other words, it is a kind of automatic control mechanism that compensates the actions taken as a whole, regulating social conformations.
Therefore, it is assumed that the self-regulation facilitated to the markets helps to achieve an optimal market. To do this, individuals must behave in such a way that they can act without state mediation and in pursuit of their own interest.
The metaphor of the invisible hand also supposes that individuals are encouraged or held back to produce or not to follow the level of prices that exist in the market. Prices and profits are sufficient indicative to know when to participate in the market or not. Basically, if there is profit in a market niche, this supposes a stimulus for production, while losses lead individuals to quit.
Answer: 50
Explanation: He is the longest tenure of service
