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dalvyx [7]
3 years ago
5

At the heart of every economic system is:

Business
2 answers:
Nat2105 [25]3 years ago
7 0
A. A set of ideas .................
fredd [130]3 years ago
3 0
B or A bcus economic is based on policy’s and ideas
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If a specific subsidy​ (negative tax) of s is given to only one competitive​ firm, how should that firm change its output level
elena-s [515]

Answer:

The correct answer is option D.

Explanation:

The market price is P.

The marginal cost is given at MC.

The subsidy is equal to s.  

When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.

So, the firm will increase production until

P=MC+S

6 0
4 years ago
Which of the following accounts are normally reported as current liabilities on a classified balance sheet?
IRISSAK [1]

Answer:

d. Income Taxes Payable and Salaries Payable

Explanation:

Current liabilities are short term obligations of an entity due for repayment within a period of 12 months.

From the options given d. Income Taxes Payable and Salaries Payable both presents current liabilities.

7 0
3 years ago
There is a system in the axon, separate from the movement of the action potential along the surface of the axon, that transports
Alik [6]

Answer: Synapse

Explanation: The synapse is a specialized (functional) intercellular approach between neurons, either between two association neurons, a neuron and a recipient cell or between a neuron and an effect or cell (almost always glandular or muscular). In these contacts the nerve impulse transmission takes place.

7 0
3 years ago
Please think of one example of a product that you use on a regular basis for which some of the cost of production or consumption
Lelu [443]

Answer and explanation:

Externalized costs are costs that the society pays that are generated by producers and the consumers of the product. The common example is the use of petrol. If I own a car and I don't like riding bicyle for smaller distances, this means the Carbon dioxie emission caused due to me have to be born by the society. This means that the net effect would be a loss to society caused by the usage of products that are injurious to our ecosystem.

UK has targeted to achieve zero Carbon dioxide emission by 2050, which shows their commitment to social responsibility and we keep dumping things in the oceans because nobody acknowlegdes the damage caused by using plastic made products and also not recycling it. After plastic into the oceans the marine life suffers. The Carbon Dioxide emission is one of the main reasons why the glaciers are melting and many animals are dying annually. We unaware with our responsibilities to our society and love profits no matter if someone dies or get harmed by the operations of the company or using products that have greater externalized costs.

7 0
3 years ago
Read 2 more answers
Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k
leonid [27]

Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

3 0
3 years ago
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