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Ksivusya [100]
3 years ago
10

In capitalism what does competition do for consumers?

Business
2 answers:
Aleks [24]3 years ago
3 0

D. It keeps prices fair for consumers

Yakvenalex [24]3 years ago
3 0

Answer by Mimiwhatsup: D. It keeps prices fair for consumers.

Why by Mimiwhatsup: Capitalism is often referred to as a free market economy a common type of socialism is communism.

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What is research and development in research?
borishaifa [10]

Businesses engage in research and development (R&D) when they want to produce new products or find ways to enhance the ones they already have. Larger businesses might have their own in-house research and development group that will evaluate and improve items or procedures prior to use in the marketplace.


The creation of new knowledge is what research and development do. It is a task that businesses carry out in order to create new goods, methods, or services, or to enhance ones that currently exist. Businesses frequently assume risk in order to achieve this.

While the development stage of research and development comprises the processes necessary to bring a new or modified product or process into production, applied research advances the findings of basic research to the point where they can be used to address a particular need.


For more information on research and development visit:
brainly.com/question/18133163
#SPJ4

8 0
1 year ago
Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepa
IRISSAK [1]

Answer:

a. Services performed but unbilled totals $600.

  • Accrued revenue
  • Accounts receivable was understated before the adjustment

b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.

  • Accrued expense
  • Supplies was overstated before the adjustment

c. Utility expenses of $275 are unpaid.

  • Accrued expense
  • Utilities expense was understated before the adjustment

d. Service performed of $490 collected in advance.

  • Unearned revenue
  • Revenue was overstated before the adjustment

e. Salaries of $620 are unpaid.

  • Accrued expense
  • Wages expense was understated before the adjustment

f. Prepaid insurance totaling $400 has expired.

  • Prepaid expense
  • Insurance expense was understated

4 0
3 years ago
Producer surplus in a perfectly competitive industry is the same thing as revenue. the difference between profit at the profit-m
Damm [24]

Answer:

the difference between revenue and variable cost

Explanation:

As we know that

Producer surplus is = Total Revenue - Total Variable Cost

So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive

Hence, the second last option is correct

And, the other options are wrong

6 0
3 years ago
How does the spending multiplier compare between a $1,000 increase in government spending and a $1,000 decrease in taxes collect
mr Goodwill [35]

Answer: Option B

Explanation: In simple words, spending multiplier refers to the effect that the spending from the govt have on an economy. As per this effect, if the govt. spends a little on the economy the multiplier effect will come into force and make a major impact on the organisation.

Government spending refers to the total outflow of resources made by the govt. for the betterment of economy. However the decrease in tax will not directly be considered an outflow but it surely does increase their revenue leading to more demand in the economy.

Hence from the above we can conclude that the correct option is B .

8 0
3 years ago
Leaper Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total
NNADVOKAT [17]

Answer:

Order processing= $930 per order

Explanation:

<u>First, we need to calculate the estimated costs for order processing:</u>

Order processing cost= (380,000*0.3) + (150,000*0.45) + (170,000*0.3)

Order processing cost=$232,500

<u>Now, we can calculate the activity rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order processing= 232,500 / 250

Order processing= $930 per order

8 0
3 years ago
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