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Maslowich
4 years ago
12

List and describe the four basic rights in the private enterprise system

Business
2 answers:
Elodia [21]4 years ago
8 0

Private property

competition

profits

and freedom of choice


mel-nik [20]4 years ago
6 0

<u>The four basic rights in the private enterprise system are:</u>

1. Right to Private Property

2. Business owner has a right to after-tax profits

3. Freedom of choice in employment purchases and investments.

4. Right to Fair Competition



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Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the y
andreyandreev [35.5K]

Answer:

Total manufacturing cost will be $291500

Explanation:

We have given work in progress inventory on December 31 of current year is $44000

It is given that work in progress inventory is increased by 60% during the year

So in beginning work in progress inventory =\frac{44000}{1.6}=27500 $

We have given cost of goods manufactured = $275000

Cost of goods manufactured = work in progress inventory + total manufacturing costs incurred - Ending work in progress inventory

So 275000 = 27500 + total manufacturing costs incurred  - 44000

Total manufacturing costs incurred = 275000 - 27500 +44000 = $291500

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4 years ago
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When two firms producing substitutes agree to fix prices, then their prices will increase and when two firms that are producing complements fix prices, then their prices will reduce.

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Lelu [443]

Answer:

The correct answer is A

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Therefore, the interior solution to the utility maximization of the consumer problem states that the consumer consuming the optimal amounts of all the goods.

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3 years ago
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