1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrews [41]
3 years ago
14

How does competition in a free-market system effect the game of economics?

Business
1 answer:
frez [133]3 years ago
8 0
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
You might be interested in
A firm does not expect to pay dividends in the next four years. beginning five years from today, the firm expects to pay a const
abruzzese [7]
From the data given above, the investor required rate of return on the firm's stock is 10% and is equal to $4,75 that is expected to be paid each year.
If $4.75 = 10%, then the price of the stock which is 100% will be equal to $4,75 * 10= $47.50.
Therefore, the current price of the stock is $47.50.
4 0
2 years ago
Read 2 more answers
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
Nataly [62]

Answer:

$2.90 per unit

Explanation:

The computation of the cost per equivalent unit of conversion is attached below:-

The formulas are shown below:-

Equivalent material = Direct material × Percentage completion

Equivalent conversion = Conversion × Percentage completion

The cost per equivalent unit come from

= Total cost ÷ number of equivalent units

hence, the cost per equivalent unit of conversion is $2.90 per unit

8 0
3 years ago
You decide to eat one more chip. the change in the total amount gained that comes from this action is the _____ . marginal cost
kow [346]

Marginal cost is the incremental cost incurred for one additional unit.

Marginal benefit is the incremental benefit gained from the one additional unit.

The maximized utility is the concept of getting maximum values from the minimum expenditure.


If you decide to eat one more chip. the change in the total amount gained that comes from this action is the Marginal benefit.


Hence the correct answer is the <u>Marginal benefit</u>



4 0
3 years ago
Read 2 more answers
Which of the following are considered to be forms of 'bundled payments'? Select all that apply. Group of answer choices Pay-for-
ehidna [41]

Answer:

Capitation

Fee for service

Explanation:

Bundled payment provide a single payment to hospitals, doctor, physician, and other providers (for home care, lab, medical equipment, etc.) for a defined episode of care. It is described as "a middle channel" between fee-for-service reimbursement (that allows providers to be paid for each service they render to a patient) and Capitation (that allows for providers to be paid a "lump sum" per patient not regarding how many services the patient receives), given the risk is shared between payer and provider. Bundled payments was proposed in the health care reform debate of the United States as a strategy for reducing health care costs, especially during the Obama administration.

8 0
3 years ago
Read 2 more answers
What is the difference between<br> a traditional economy and<br> a market economy?
Triss [41]

Answer:

Explanation:

A traditional economy is one which doesn't operate under a profit motive.

Instead, it emphasizes the trading and bartering of products and services that enable participants to subsist in a specific region, community and/or culture. Largely, traditional economies are a way of life in underdeveloped countries that rely more on old-fashioned economic models like farming or hunting than on newer-age modes like industry and technology.

Capitalist

Historically, these societies leverage market forces, such as supply and demand, with a strong motivation to earn a profit, to shape their economic models.

8 0
3 years ago
Other questions:
  • You own 850 shares of Western Feed Mills stock valued at $53.15 per share. What is the dividend yield if your total annual divid
    13·1 answer
  • India is fast becoming a global center for which of the following? select one:
    14·1 answer
  • Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
    9·1 answer
  • The december 31, 2015, balance sheet of maria's tennis shop, inc., showed current assets of $1,205 and current liabilities of $9
    14·1 answer
  • Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,
    15·1 answer
  • A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will
    5·1 answer
  • Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed
    15·1 answer
  • In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. colle
    8·1 answer
  • The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of t
    11·1 answer
  • The top management of a beverage manufacturing company has put together a team to handle the marketing of its new health drink.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!