5. If you were forming a company, which department would you create first, and why? (2-4

In a market system, scarce goods are allocated by multiple choice 1 market prices that are determined by consumers and producers

kirill115 [55]

In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Therefore, Option C is the correct choice.

<h3>What is allocation of scarce resources?</h3>

Resource allocation is the assignment of available sources to diverse uses. In the context of a whole economy, sources may be allotted with the aid of using diverse means, inclusive of markets, or planning.

Therefore, In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Option C is the correct choice.

Learn more about allocation of scarce resources here:

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7 0

2 years ago

Briggs and stratton is a southeastern company that makes small engines. the company is looking at customer trends, its competito

Fynjy0 [20]

Briggs and Stratton seem to be completing a SWOT analysis

Strengths

Weaknesses

Opportunities

Threats

6 0

4 years ago

The weight of a candy bar in ounces is an example of

Tju [1.3M]

Weight data is your answer

6 0

3 years ago

Your firm invested $2,500,000 in 190-day commercial paper today. At the end of the investment period (in 190 days) the firm will

Elena L [17]

Answer:

3.70%

Explanation:

Data given in the question

Invested amount = $2,500,000

Received amount = $2,592,400

Number of days of commercial paper = 190

So, the holding period rate of return is

= (Received amount - invested amount) ÷ (Invested amount)

= ($2,592,400 - $2,500,000) ÷ ($2,500,000)

= ($92,400) ÷ ($2,500,000)

= 3.70%

It could be expressed in percentage only

3 0

4 years ago

Your grandfather put some money in an account for you on the day you were born. You are now years old and are allowed to withdra

sergij07 [2.7K]

Answer:

Missing word <em>"You are now 18 years old and are allowed to withdraw the money for the first time. The account currently has $3996 in it and pays an 8% interest rate."</em>

a. At 18 years, future value of current amount (compounded for another 7 years at 8%)

= $3,996 * (1.08)^7

= $3,996 * 1.7138

= $6,848.34

b. At age 65, future value of this amount (compounded for another 40 years at 8%)

= $6,848.44 * (1.08)^40

= $6,848.44 * 21.7245

= $148,779.93

c. Future Value = Present Value * (1 + Interest Rate)^n

So, let initial the money deposited be represented by Y

=> $3,996 = Y * (1.08)^18

=> $3,996 = Y * 3.996

Y = $3,996 / 3.996

Y = $1,000

8 0

3 years ago