Answer:
According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.
Explanation:
To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.
This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.
Answer:
Yes
Explanation:
Yes, it should be counted in the GDP. Mainly because the GDP revolves around measuring the total income earned and spend from products or services. When you work for an employer you are receiving income from that employer and benefits would also be considered part of your income. Even though these benefits are being paid by your employer they are still considered income, and you would still be paying for these services yourself if the employer was not paying them. Therefore, it would make sense that it is included as received income and counted towards the GDP.
I would want to know the past sales figures of all lawn equipment, broken down by category, brand and model, to know which ones are most and least popular with customers. That way, I would know which ones to buy more of due to higher popularity and which ones to buy less of due to lower popularity.
C. at the end of the accounting period
Answer:
281.9 rolls
Explanation:
Demand = D = 1450 rolls
Ordering cost = S = $15 per order
Holding cost = H = $3.42 x 16% = 0.5472 per unit per year
Economic order Quantity = 
Economic order Quantity = 
Economic order Quantity = 
Economic order Quantity = 
Economic order Quantity = 281.9 units
The Economic order quantity of the company is 281.9 units
