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MissTica
3 years ago
7

PLEASE HELP ASAP, I NEED TO DO THIS BUT DONT KNOW HOW TO. Describe how free markets solve the problem of coordination. Why do co

mmand economies struggle with this problem?
Business
1 answer:
Strike441 [17]3 years ago
6 0
The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
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A lawnmower manufacturer estimates that the probability of a fatal accident caused by the design of its product is 1/10,000 and
Wewaii [24]

Answer:

790,000, i.e. $79 x 10,000= 790,000 . Yes, the manufacturer should change the design.  666,667 (when it goes from 1/10,000 to 1/15,000).  It is 500,000 (when it goes from 1/10,000 but ​1/20​,000) . No, the benevolent social planner would not agree with the manufacturer's decision.

Explanation:

In the estimates provided by the manufacturer, the total cost of the design is equivalent to  $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.

3 0
3 years ago
After describing herself to the personnel director during a job interview, Jane added that she liked to attend formal affairs. A
Lemur [1.5K]
<h2>According to Allport, this preference is an example of a <u>Secondary trait</u></h2>

Explanation:

There are 3 types of traits.

1. Cardinal traits:

  • This is the dominating traits
  • The person can be found by the qualities

2. Secondary traits:

  • This is closely related to attitudes
  • This is also related to preferences of a human
  • This would differ from person to person
  • This might change according to the situation.

3. Central traits:

  • This forms the base for the personality development
  • This would be meaningful
  • Central traits can be polite, helping, anxiety, etc.
5 0
3 years ago
Read 2 more answers
An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan
Sedbober [7]

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0
3 years ago
What are some requirements for Postal Service Mail Carriers?( Check all that apply. )
vlada-n [284]

Answer:

<h2><u><em>a.b,c,g</em></u></h2>

Explanation:

7 0
2 years ago
Read 2 more answers
Gentleman Gym just paid its annual dividend of $3 per share, and it is widely expected that the dividend will increase by 5% per
Roman55 [17]

Answer and Explanation:

The computation of the price that should be sell is shown below:

As we know that

Price = dividend × (1 + growth rate) ÷ (discount rate - growth rate)

a. The price is

= $3 × 1.05 ÷ (15% - 5%)

= $31.50

b. Now the price is

= $3 × 1.05 ÷ (12% - 5%)

= $45

Hence, the above represent the answer in both the cases.

6 0
2 years ago
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