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Assoli18 [71]
3 years ago
6

In a planned economy, prices of commodities are controlled by _________.

Business
1 answer:
GalinKa [24]3 years ago
4 0

The correct answer is C. The government

Explanation:

The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.

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If Lorenzo stands up at a concert he can see the performance better. He therefore concludes if everyone stood up, everyone could
Lemur [1.5K]

Answer:

The correct answer is letter "B": The statement presents the fallacy of composition.

Explanation:

The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.

6 0
3 years ago
If capital is held constant, what happens when the price that firm receives for its goods increases?
ziro4ka [17]

Answer:

Then the constant increases?

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3 years ago
Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the mo
frez [133]

Answer:

$35.63

Explanation:

The formula for predetermined overhead ate is

= Predetermined fixed overhead rate ÷ Predetermined variable overhead rate

Where;

Predetermined fixed overhead rate = (Fixed overhead cost ÷ Estimated direct labor)

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= $29.42

But the predetermined variable overhead is $6.21 per machine hour

Therefore, the predetermined overhead rate is

= $29.42 + $6.21

= $35.63

7 0
3 years ago
Which group can receive millions in dollars in revenue from stadium parking?
qaws [65]
<span>The process of developing, promoting, and distributing products?</span>
7 0
3 years ago
Read 2 more answers
Hammer Time Company sells hammers that it purchases at a cost of $5. Hammer Time sells the hammers for $15. Last year, it sold 1
emmainna [20.7K]

Answer:

The sales revenue would be 170,000 if Hammer Time implements the decrease in selling price.

This would generate a decrease of $10,000 in the sales revenue

Explanation:

Understanding the way sales revenue is generated:

Units Sold * Unit Price = $Sales Revenue

If the selling price drops to $10

and units sold increase by 5,000

(12,000 + 5,000) * ( 15 - 5 ) = 17,000 * 10 = 170,000

Comparing with the previous year:

12,000 * 15 = 180,000

This policy decrease the sales revenue which makes the business less profitable.

8 0
3 years ago
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