In market economies, firms rarely worry about the availability of inputs to produce their products because, in market economies, buyers of inputs know that consumers want to purchase the product.
<h3>What is a market economy?</h3>
A market economy refers to the economic system where the decisions regarding investment, production, and distribution to the customers.
In a market economy, the allocation of resources by the entrepreneurs across different businesses and production processes is determined by the profits they hope to make by producing output that their customers will value that entrepreneurs paid.
Therefore, C is the correct option.
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Petroleum is burned by people as energy. Both air pollution and climate change are made worse by the petroleum made from tar sands oil.
Petroleum is Extraction of petroleum from oil sands causes environmental degradation at the extraction site and its surroundings burned by people as energy. Both air pollution and climate change are made worse by the petroleum made from tar sands oil. When petroleum is extracted from oil sands, the ecosystem is harmed both at the extraction site and in the area where it is burned for energy. The petroleum produced from tar sands oil exacerbates both climate change and air pollution.
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No. Because if it does, our country will lose alot of money plus what if there are alot of goods.
Explanation:
On the books of Shore Co
Cash A/c Dr $111,560
Sales discount A/c $2,240 ($11,2000 x 2%)
To Accounts receivable A/c $113,800 ($112,000 + $1,800)
(Being cash is received)
On the books of Blue star
Accounts payable A/c Dr $113,800 ($112,000 + $1,800)
To Merchandise inventory A/c $2,240 ($11,2000 x 2%)
To Cash A/c $111,560
(Being cash is paid)
<span>The formula for determining the marginal revenue product of labor is marginal physical product (expressed in units) times the price per unit. Therefore, the marginal revenue product of labor of Lupita's farm is $20.</span>
