1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikitadnepr [17]
3 years ago
8

In a market system, scarce goods are allocated through the operation of fixed prices that are determined by consumers and produc

ers acting in the public interest.estimated prices that are determined by consumers and producers acting in their own self-interest.market prices that are determined by consumers and producers acting in the public's interest.
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

The correct answer is: market prices that are determined by consumers and producers acting in their own self-interest.

Explanation:

In a market system, the price of a good is determined by the intersection of demand for goods by consumers and the supply of goods by the producers. The price is determined at the point where the market forces of demand and supply are equal.

The producer is trying to maximize its profit while the consumer is trying to maximize its utility. Both are working for their self-interest and in this way are able to allocate scarce resources through the working of the market system.

You might be interested in
My husband is 48 and wants to have relations every day what can i do
Damm [24]
You can divorce or seperate.
5 0
3 years ago
Classifying costs as materials, labor, or factory overhead OBJ. 2 Indicate whether each of the following costs of an automobile
ExtremeBDS [4]

Answer:

a. Wheels are direct material cost as are essential for the automobile to complete, as the cars one of the main equipment is wheels as it will not work without wheels.

b. Glass used in vehicle's windows are also direct material cost, as the material is directly used in automobiles to complete it.

c. Wages are direct labor cost, as to make an automobile labor need to work on the process and assemble all the materials properly in the automobile and then they re paid wages in exchange.

8 0
3 years ago
B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect
azamat

Answer:

$9120

Explanation:

Using sum of years digit,

5+4+3+2+1=15

5/15*(72000-3600)=22800 for first year

4/15*68400 = 18240 for second year

Total depreciation before change of accounting policy = 22800+18240=41040

Net value of asset at start of 2018 = 68400-41040= 27360

Straight line depreciation for 2018 = 27360/3 = 9120

4 0
3 years ago
What are five basic principles found in a free enterprise system?
vesna_86 [32]
Here are the five basic principles found in a free enterprise system:
1) Governments have no control over the buying & selling of products & services. 2) The "invisible hand" of market supply and demand occurs 3) Governments may only be involved with to provide education, the army, and public health services (and other merit goods) 4) Governments may only provide public goods (such as lampposts) which bring no profit for sales people, as you cannot stop people from using those items. 5) Usually, there's a great difference in the distribution of wealth <span>
</span>
3 0
3 years ago
A computer reads a sequence from top to bottom and left to right? True or False
Alisiya [41]

Answer:

true

Explanation:

its true because if you look at your computer it goes left to right ,top to bottom . Also because you can turn on your flipagram

7 0
3 years ago
Read 2 more answers
Other questions:
  • Henry Co. manufactures DVD players. At the end of Year 1, Henry's management believes the growing popularity of streaming video
    13·2 answers
  • Gracies insurance premiums are $131 per month. This year she also paid a 500 deductible and 20% of 3200 for a minor accident. Ho
    12·1 answer
  • Estimating Cost of Capital Measures Sprint Nextel Corporation (S) has $24.3 billion in total debt (which approximates its market
    7·2 answers
  • Per capita GDP is the most practical way to:
    8·1 answer
  • Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000
    10·1 answer
  • Marlboro used a cowboy to advertise its cigarettes for a number of years. "The Marlboro Man" became a central character through
    8·1 answer
  • The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
    15·1 answer
  • Admire County Bank agrees to lend Sheridan Brick Company $594000 on January 1. Sheridan Brick Company signs a $594000, 8%, 9-mon
    15·1 answer
  • Pizza is a product. As you have learned, services are marketed differently. Hypothesize about how the service at your restaurant
    6·1 answer
  • Which one of the following is not considered while making layout decisions? cost of moving between various work areas
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!