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jok3333 [9.3K]
3 years ago
12

The essential difference between a command economy and a market economy is that in a market economy

Business
1 answer:
damaskus [11]3 years ago
4 0

Answer:

b  buyers and sellers determine resource allocation.

Explanation:

The market is regulated by the interaction between Sellers and Buyers. However, in a Command economy the market is regulated by the government policies.

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Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

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Cf3= $6,300

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<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

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Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

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(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

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