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3 years ago

Which statement best describes a pure market economy

Business

2 answers:

ivolga24 [154]3 years ago

5 0

An economy or economy system that relies on markets to provide them resources.

Ksenya-84 [330]3 years ago

4 0

Out of the statements listed, the decisions made by producers and consumers try all economic choices best describes a pure market economy. A pure market economy is an economy where the market controls all of the decisions and allocations of goods. The market is made up of the producers and consumers, which is why this statement makes the most since. The government does not play any role in a pure market economy, which is where it received its name pure market because the market is purely responsible.

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Carey Company had sales in 2016 of $1,560,000 on 60,000 units. Variable costs totaled $900,000, and fixed costs totaled $500,000

user100 [1]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price per unit= 1,560,000 / 60,000= $26

Unitary variable cost= 900,000 / 60,000= $15

Fixed costs= $500,000.

First, the income statement without the changes:

Sales= 1,560,000

Total varaible cost= (900,000)

Contribution margin= 660,000

Total fixed costs= (500,000)

Net operating income= 160,000

Now, with the changes:

Unitary variable cost= (15*0.8)= 12

Selling price= 26 - 1.5= $24.5

Sales in units= 60,000*1.05= 63,000

Fixed costs= 500,000 + 100,000= $600,000

Sales= 24.5*63,000= 1,543,500

Total variable cost= (12*63,000)= (756,000)

Total contribution margin= 787,500

Fixed costs= (600,000)

Net operating income= 187,500

3 0

3 years ago

Short notes on Co-Work skill?

sammy [17]

Answer:

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

6 0

2 years ago

After a large hotel chain discovered that their computer systems had been hacked and customer credit card information had been a

Gnesinka [82]

The hotel's quick action in response to a serious situation was likely due to CYBER SECURITY BREACH. It is a threat not only to the customers but to the hotel business as well because with this breach, customers will find it hard to trust said hotel again.

Because confidential data like credit card information were stolen, they need to immediately inform their customers to ensure that the customers will take the necessary steps in protecting themselves from having their identity stolen and from having their credit cards used in purchasing items they are not aware off.

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3 years ago

Kathy reviews her division's new marketing plan. Beyond evaluating the plan in terms of its ability to create value for the inte

Nadusha1986 [10]

Answer:

The correct answer is "Is consistent with the company's mission statement".

Explanation:

A company's mission is the reason why a company exists and is created. It states the reason for its existence, as well as indicating the activity that the company carries out. The marketing plan is strongly linked to the company's mission, to be in line with the guidelines that the company has for its workers.

Have a nice day!

4 0

3 years ago

While gdp is a measure of total output for a nation, _______ is a measure of what is produced by americans throughout the world?

Goshia [24]

The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI.

8 0

3 years ago