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4 years ago

What is the difference between a market economy and a command

Business

2 answers:

shusha [124]4 years ago

7 0

Answer:

A. A market economy is determined by consumers and a command economy is determined by central authority.

Explanation:

A market economy is driven by customers in the form of demand and the sellers in market supply to satisfy the demand.

Command economy is driven by command, customers do not decide what to demand and when, only central authority supplies what they see fit.

Natasha_Volkova [10]4 years ago

5 0

Answer:

The correct answer is letter "A": A market economy is determined by consumers and a command economy is determined by central authority.

Explanation:

In a market economy, economic decisions and prices are determined not by central planning but by market forces. Market forces refer to the cumulative impact of all decisions made by individuals acting in the market, such as consumers and producers.

A command economy is one in which the government controls the economy, acts as the central planner, enforces production quotas and levels of distribution, and sets prices.

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The primary purpose of parks and natural areas is for recreation and human use. true or false

Elena L [17]

True. Parks and natural areas provide an avenue for humans to conduct adventure programs and activities. with proper stewardship and preservation, parks and natural areas provide a conducive place for outdoor recreation and education programs that may lead to increased health, wellness, and community participation.

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3 years ago

Suppose there are 100 consumers in the computer speaker market, each with an identical demand curve given by Qi = 10 – 0.1P, whe

Mkey [24]

Answer:

Equilibrium Price = 40 ; Equilibrium Quantity = 600

Explanation:

Equilibrium is where : Market Quantity Demanded = Market Quantity Supplied

Market Quantity Demanded = No. of Consumers x Individual Demand Curve

= N x Qi = 100 [10 - 0.1P] = 1000 - 10P

Market Quantity Supplied = Qs [Given]

So, Equilibrium is where :

1000 - 10P = 20 P - 200

1000 + 200 = 20P + 10P

1200 = 30P

P = 1200 / 30 = 40 [Equilibrium Price]

Equilibrium Quantity : Putting Equilibrium price value in Quantity demanded & quantity supplied;

Quantity Demanded = 1000 - 10 (40) = 1000 - 400 = 600

Quantity Supplied = 20 (40) - 200 = 800 - 200 = 600

5 0

3 years ago

Prompt What does the human resources department of a company do?

djverab [1.8K]

Answer: Human resources specialists are responsible for recruiting, screening, interviewing and placing workers. They may also handle employee relations, payroll, benefits, and training. Human resources managers plan, direct and coordinate the administrative functions of an organization.

Explanation: I used google to find my answers!

6 0

3 years ago

Red Star Copy Service processes 2,100,000 photocopies per month at its service center. Approximately 50 percent of the photocopi

Andrews [41]

Answer:

A. The total costs of collating 500,000 per month With student help is $900

The total costs of collating 1,700,000 per month With student help is $3,060

The Total costs of collating 500,000 per month With the collating machine is $1,575

The Total costs of collating 1,700,000 per month With the collating machine is $1,635

B. The monthly volume at which the automatic process becomes preferable to the manual process is 885,714

Explanation:

A. In order to calculate the total costs of collating 500,000 and 1,700,000 per month With student help we would have to make the following calculations:

total costs of collating 500,000 per month With student help=(number of copies to be collating/average of copies per hour)*price per hour

total costs of collating 500,000 per month With student help=(500,000/5,000)$9

total costs of collating 500,000 per month With student help=$900

total costs of collating 1,700,000 per month With student help=(1,700,000/5,000)*$9

total costs of collating 1,700,000 per month With student help=$3,060

In order to calculate the total costs of collating 500,000 and 1,700,000 per month With the collating machine we would have to make the following calculations:

total costs of collating 500,000 per month With the collating machine= lease and operating costs+(number of copies to be collating/units collated)*additional price

Total costs of collating 500,000 per month With the collating machine= $1,550+(500,000/1,000)*$0.05

Total costs of collating 500,000 per month With the collating machine= $1,575

Total costs of collating 1,700,000 per month With the collating machine= $1,550+( 1,700,000/1,000)*$0.05

Total costs of collating 1,700,000 per month With the collating machine= $1,635

B. In order to calculate the monthly volume at which the automatic process becomes preferable to the manual process we would have to use the following formula:

the monthly volume at which the automatic process becomes preferable to the manual process is cost with students help=cost with collating machine

Therefore, (x/5,000)*$9=$1,550+(x/1,000)*$0.05

$8,750x=$7,750,000,000

x=885,714

The monthly volume at which the automatic process becomes preferable to the manual process is 885,714

4 0

3 years ago

The pillsbury doughboy is an example of _____ in which his friendly demeanor and the trademark giggle he lets out when poked in

abruzzese [7]

The Pillsbury Doughboy is an example of brand anthropomorphism in which his friendly demeanor and the trademark giggle he lets out when poked in the belly help shape customer perceptions of the brand.

Anthropomorphism means giving human characteristics or behavior to something that is not human, like the Pillsbury Doughboy. When companies do this, they are allowing the customer to connect with a brand on a different level of understanding. Geico is another company that does their with lifelike gecko. Customers connect with the emotions of the object and then connect/remember with the brand.

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3 years ago