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3 years ago

Which is the main force behind the decisions made by producers in a free-market society?

Business

2 answers:

marysya [2.9K]3 years ago

7 0

The profit motive

Hope this helped!
STSN

Dahasolnce [82]3 years ago

4 0

The profit motive. The quest for profit drives producers in a free-market. Hope this helps!!!

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George’s t-shirt shop produces 5,000 custom printed t-shirts per month. george’s fixed costs are $15,000 per month. the marginal

k0ka [10]

Answer: Price is $7 when sale is 5000 and $6 when sale is 7,500 units.

Explanation:

$Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced) = $15,000 + $4(5000) $15,000 + $20,000 = $35,000$

George will breakeven when his price is just sufficient to cost the total cost.

$Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $35,000 = 0 P*5000 = $35000 P= $35,000/5000 P=$7$

If George sells 50% more, then his sales is 7,500 units.

$Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced) = $15,000 + $4(7,500) $15,000 + $30,000 = $45,000$

George will breakeven when his price is just sufficient to cost the total cost.

$Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $45,000 = 0 P*7500 = $45000 P= $45,000/7,500 P=$6$

When sales is 5000 units price is $7. When sales is 7,500 units price is $6.

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3 years ago

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mina [271]

Answer:

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3 years ago

Suppose the price of regular-octane gasoline were cents per gallon higher in than in . Do you think there would be an opportuni

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3 years ago

The time it takes for a new policy to register its full impact on the economy after it has been put in force is known as the

Elan Coil [88]

The answer is effectiveness lag. The effectiveness lag is where the desired result that they are waiting for is based on the amount of time that it would take in terms of the monetary policies or the fiscal effect to produce.

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3 years ago

Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic

mariarad [96]

Answer:

1. Operating and Cash outflow: Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

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3 years ago