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2 years ago

Milton Friedman argues that __________.

Business

1 answer:

zzz [600]2 years ago

8 0

Answer:

Milton Friedman argues that a business's only social responsibility is to maximize profits within the rules of the game.

Explanation:

Milton Friedman is known to hold an opposing view when compared to that of John Keynes about economic theory.

Whereas Milton Friedman believes that the utmost responsibility of any company is to the shareholders, the Keynesian are more consumer focused.

Milton Friedman believes strongly in free capitalism and as a result does not advocate for any company offering corporate social responsibility to the society or public.

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A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper Fixed costs Variabl

shtirl [24]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $192,000

Unitary variable cost= $320 per week

Selling price per unit= $480 per week

To calculate the total cost, we need to use the following formula:

Total cost= fixed costs + unitary variable cost*number of units

Total cost= 192,000 + 320*number of weeks

Now, the total revenue:

Total revenue= selling price per week*Number of weeks

Total revenue= 480*x

Finally, the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 192,000 / (480 - 320)

Break-even point in units= 1,200 campers

3 0

2 years ago

A reliable source in your industry has informed you that some of your more aggressive competitors are planning to formulate agre

Rom4ik [11]

Black mail just dont fire them either blackmail them or make them sign a contract

7 0

2 years ago

Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.

Leto [7]

Answer:

i dont get it, is there a question?

Explanation:

6 0

2 years ago

Enumerate 5 ways to handle cash in accounting

V125BC [204]

Explanation:

make a list of items in top priority

enumerate the most important

5 0

2 years ago

When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.

Olenka [21]

Answer: True

According to the law of demand, the demand for a good increases when its price falls. Thus, when a fruit or vegetable is in season, it is relatively less expensive than in off seasons. Thus, consumers buy more of these seasonal fruits in season. Thus, demand for the good increases when it becomes cheaper.

Thus, the statement is true.

5 0

2 years ago